Brokerage Kya Keh Raha Hai?
Motilal Oswal ne Vedanta ke FY27 aur FY28 ke liye profit forecasts ko 20% tak badha diya hai. Ye sab Vedanta ke Q4 FY26 performance ke baad hua, jisme higher volumes aur London Metal Exchange (LME) par favourable prices ka kaafi fayda mila. Target price ₹800 kiya gaya hai, par stock par 'Neutral' rating maintain rakhi hai.
Company Ka Future Plan
Vedanta management ka plan hai ki earnings growth achieve ki jaaye, jiske liye planned capacity expansions se higher value-added products banaye jayenge. Company ko lagta hai ki pricing environment favourable rahega aur ongoing capital expenditure projects se operational cost savings bhi hogi. Saath hi, company apne debt ko kam karne par bhi focus kar rahi hai. Motilal Oswal ko umeed hai ki aane wale time mein strong cash flows se expansion plans aur debt repayment dono manage ho jayenge.
Demerger Ka Impact
Sabse badi news yeh hai ki Vedanta 1 May, 2026 tak 5 alag-alag listed companies mein demerge hone wala hai. Yeh businesses honge: Aluminum, Oil & Gas, Power, Iron & Steel, aur ek Vedanta Ltd. jo Hindustan Zinc ko hold karegi. Motilal Oswal ke valuation ke hisaab se, demerger ke baad har segment ki estimated fair value ko mila kar total target price around ₹800 banta hai. Isme Aluminum aur Zinc divisions ko sabse bada value driver mana ja raha hai.
