Vedanta Surges to All-Time High on NCLT Demerger Nod, Bullish Broker Calls
Mumbai: Shares of Vedanta Limited surged to a fresh all-time high on Wednesday, reflecting strong investor confidence amid an upbeat outlook for the metals-to-mining conglomerate. The stock touched ₹599.80 on the NSE, gaining nearly 2 percent during the session and closing close to its 52-week peak.
The rally marks a sharp uptrend for Vedanta, whose shares have climbed around 20 percent in the past one month and more than 33 percent over the last six months, significantly outperforming the broader market.
Market sentiment has been buoyed primarily by the company’s demerger plan, which recently received clearance from the National Company Law Tribunal (NCLT). Since the approval on December 16, Vedanta stock has advanced for six straight trading sessions.
Under the approved restructuring, Vedanta Limited will be split into five separately listed entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and a streamlined Vedanta Limited — a move investors believe will unlock value and sharpen business focus.
Brokerages remain largely bullish on the group, citing robust demand for aluminium, zinc and silver, expanding industrial applications, and continued gains in operational efficiency. These factors are expected to support growth and strengthen cash flows across businesses.
Vedanta Group Chairman Anil Agarwal added to the optimism with bullish remarks on silver, noting on social media platform X that the metal has delivered exceptional returns this year. He highlighted that silver prices have risen 125 percent year-on-year in dollar terms, compared to a 63 percent gain in gold, suggesting that the “silver story is just beginning.”
Further supporting the positive outlook, S&P Global Ratings earlier this month revised Vedanta Resources’ outlook to ‘Positive’ from ‘Stable’, while reaffirming its B+ rating, citing improved earnings, cost efficiencies and supportive metal prices.
According to Bloomberg data, 10 out of 14 analysts tracking Vedanta currently recommend a ‘Buy’ on the stock. Brokerage firm Nuvama Institutional Equities has set the highest target price at ₹686, implying further upside from current levels.
By comparison, the benchmark Nifty 50 has gained about 5 percent over the past six months, while the Nifty Metal Index has risen nearly 15 percent, underscoring Vedanta’s standout performance in the sector.
