###Vedanta Shares Hit All-Time High of ₹599.80 Amid Positive Outlook
Vedanta Shares Hit All-Time High of ₹599.80 Amid Positive Outlook
Shares of Vedanta Limited (Vedanta) touched a new all-time high of ₹599.80 during intraday trade on Wednesday on the NSE. The stock gained around 2% during the session and closed at its 52-week high. Over the past one month, Vedanta’s share price has risen by nearly 20%, largely driven by positive sentiment surrounding regulatory approval for the company’s demerger plan.
Brokerage firms continue to maintain a positive outlook on the Vedanta Group. Healthy demand for aluminium, zinc and silver, expanding applications of these metals, and improvements in operational efficiency are strengthening the group’s strategic capacity expansion plans. Vedanta Group Chairman Anil Agarwal remains particularly optimistic about silver. In a post on social media platform ‘X’, he wrote, “This year, silver has stepped out of the shadow of its precious metal brother gold and delivered a stellar performance. In dollar terms, silver has risen 125% year-on-year, while gold has also performed well, delivering returns of 63%. The silver story has only just begun.”
Following the National Company Law Tribunal’s (NCLT) approval of Vedanta’s long-pending demerger plan on December 16, the company’s shares have advanced for six consecutive trading sessions. Under the restructuring plan, the listed entity Vedanta Limited will be split into five separate listed companies—Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and a restructured Vedanta Limited.
Earlier in December, S&P Global revised the outlook on Vedanta’s parent company, Vedanta Resources, from ‘Stable’ to ‘Positive’, while affirming its B+ rating. The agency cited strong earnings visibility, continued cost reductions, and favourable metal prices as key reasons, which are expected to support improved cash flows.
According to Bloomberg, out of 14 analysts tracking Vedanta, 10 brokerage firms have assigned a ‘Buy’ rating to the stock. Brokerage firm Nuvama has set the highest target price at ₹686. Over the past six months, Vedanta shares have outperformed the broader market, rising by more than 33%. In comparison, the NSE Nifty has gained around 5%, while the Nifty Metal Index has risen by approximately 15% during the same period.
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