
National · 4 updates
Brokerages reiterated their bullish calls on the shares of Vedanta Aluminium Metal after the recently-listed company reported a more than threefold year-on-year (YoY) jump in consolidated net profit to Rs 5,629 crore for the first quarter of FY27.Vedanta Aluminium Metal, which debuted on stock exchanges last month after spinning out of Vedanta during the mega demerger, saw its share price rise nearly 2% on Friday morning to trade at Rs 465 apiece after the company on Thursday reported a 46% YoY surge in revenue from operations to Rs 21,393 crore during the April-June quarter of FY27.Vedanta Al
Domestic brokerage firm Systematix Institutional Equities has initiated coverage on the country’s largest aluminium producer, Vedanta Aluminium (VAML), with a Buy rating and a target price of Rs 598, implying a 28% upside.Backward integration is set to drive the newly-demerged company’s next earnings cycle, as per the brokerage’s note, following a threefold year-on-year jump in its consolidated net profit to Rs 5,629 crore in the June quarter of FY2026.The brokerage believes that VAML is well positioned to deliver sustainable earnings growth through a combination of higher volumes, progressive
ET Intelligence Group: Vedanta and Vedanta Aluminium Metal have staged a strong financial performance in their first quarter after demerger, helped by buoyant commodity prices. The two companies are stepping up investments to drive future growth, with combined capital expenditure of nearly ₹12,000 crore planned for FY27. They currently trade at lower valuations compared with peers. Given a strong balance sheet and cash generation, the stocks will be on investors' radar for the medium-to-long term.Vedanta and Vedanta Aluminium Metal together accounted for more than 95% of the Vedanta Group's ne