CLSA upgraded Vedanta Ltd's shares from "underperform" to "buy" due to global demand for metals.
CLSA upgraded Vedanta Ltd's shares from "underperform" to "buy" due to global demand for industrial and precious metals, increasing the stock's price target to ₹390 from ₹260. Vedanta's shares have risen by nearly 40% this year compared to a 13% gain in the Nifty Metals index. The company's efforts to raise capacity and profitability across segments have been cited as positive factors.
April 10, 2024
6 Articles