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Hooked by Vedanta's $10 billion Ebitda plan, analysts upgrade price targets

Money Control · 12m

Vedanta's share price has gained around 60 percent over the past year, and brokerages have upgraded their price targets for the mining conglomerate. Vedanta is implementing cost-saving initiatives and pursuing growth projects in aluminum, zinc, oil and gas, and power. The company aims to achieve $10 billion EBITDA in the near term, with significant contributions from aluminum, zinc, silver, and oil and gas. Vedanta's focus on technological advancements, cost reduction, and operational efficiency has garnered positive remarks from brokerages. The demerger plans and potential for value unlocking have also been noted by analysts.