Whalesbook
Kya chal raha hai Vedanta mein? (Operational Update)
Vedanta ne FY26 ke Q4 mein mixed results show kiye hain. Ek taraf, company ne aluminium production mein 2% ka jump record kiya hai. Wahi, Zinc India ka mined metal output bhi 2% increase hua hai. Lekin dusri taraf, oil & gas production 15% gir gaya hai, jo ab rozana sirf 81,500 barrels of oil equivalent hai. Iron ore ka saleable output bhi 3% kam hua hai, aur steel production 1% neeche aa gaya hai.
Commodities ka scene kya hai?
Yeh sab isliye ho raha hai kyunki alag-alag commodities ka market mein scene alag hai. Base metals jaise aluminium ki demand green investments ke chalte badhne ki ummeed hai. Par crude oil pe oversupply ka pressure hai aur prices gir sakti hain. Iron ore ke liye bhi demand kam hone aur supply badhne ke karan prices kam hone ka trend hai.
Analysts kya bol rahe hain aur Stock ka kya?
Production mein yeh upar-neeche hone ke bawajood, analysts abhi bhi Vedanta par bullish hain. Zyadatar ne 'Buy' ya 'Moderate Buy' rating di hai, aur average target price 8.6% se 17.6% tak ka upside dikha raha hai. Company ki market cap around ₹2.65 se ₹2.73 trillion hai. Stock ne pichle saal 50.26% se 71.29% tak ka bada gain diya hai, aur abhi ₹687-₹688 ke aas paas trade kar raha hai.
Demerger aur Future Plan
Ek important update yeh hai ki company ke demerger ko June 30, 2026 tak extend kar diya gaya hai, kyunki abhi government approvals pending hain. Yeh teesri baar hai jab date badhi hai. Vedanta expect kar raha hai ki woh FY26 ke liye apna guidance achieve kar lenge, volume growth aur margin expansion ke saath. Company ne aluminium aur oil & gas ke liye production guidance bhi de diya hai.