Vedanta Stock Poised for 34% Surge? Nuvama's 'Buy' Rating & Rs 686 Target Ignites Investor Interest!

Overview

Nuvama Institutional Equities reiterates a 'Buy' rating on Vedanta, setting a Rs 686 target price, signaling a potential 34% upside. Key drivers include the company's '3Ds' strategy (Demerger, Delivery, Deleveraging), supported by commodity price tailwinds. Additional catalysts are a favorable NCLT outcome for demerger by Q4 FY26, removal of the JP Associates acquisition overhang, and a potential Rs 20 Dividend Per Share by January 2026.