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Vedanta shares gain after brokerage raises demerger target
Vedanta shares rose after a brokerage reaffirmed its demerger-led value unlocking thesis and raised its target price.
Vedanta shares advanced after brokerage firm Nuvama reiterated a positive outlook and assigned a target price of ₹806, citing value unlocking potential from the company’s demerger plans. The restructuring could simplify operations and improve transparency across business verticals. Investor sentiment improved on expectations of clearer capital allocation and focused management. Market participants continue to monitor execution timelines and regulatory approvals tied to the proposed corporate restructuring.