Vedanta share price hit 52-week high: Wait or BUY?

Vedanta share price: Shares of Anil Agarwal-owned Vedanta Ltd rose nearly 5 per cent on Wednesday, January 14, after brokerage firm Nuvama raised its price target to the highest on the Street. The stock touched a fresh 52-week high during the session.

Vedanta share price

Vedanta climbed to an intraday high of Rs 668.90 and was trading around Rs 665.20, up Rs 28, or 4.39 per cent. The stock opened at Rs 647 and moved between Rs 642.15 and Rs 668.90. The company’s market capitalisation stood at about Rs 2.48 lakh crore.

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Nuvama raises target, maintains buy

The rally followed Nuvama’s decision to maintain its ‘Buy’ rating on Vedanta while raising the target price by 18 per cent to Rs 806 from Rs 686 earlier. The brokerage had pegged the stock’s current market price at Rs 653. Among the 14 analysts covering Vedanta, Nuvama has the highest target.

Demerger seen as key trigger

Nuvama said Vedanta’s demerger into five listed entities is in the final stage, with most regulatory approvals already in place. The brokerage expects the demerger to be a key trigger for value unlocking for shareholders.

Earnings outlook improves

Citing strong commodity prices, Nuvama upgraded its earnings estimates. The brokerage raised its FY27 EBITDA estimate by 17 per cent and its FY28 estimate by 8 per cent. It expects EBITDA to grow at a compound annual growth rate of around 20 per cent between FY25 and FY28.

Valuation and investment view

According to Nuvama, Vedanta’s current market price does not fully reflect the value of its aluminium and zinc businesses. The brokerage added that the remaining businesses are effectively available at near-free valuation, supported by strong commodity prices, cost reduction initiatives and volume growth.

NCLT clears key Vedanta restructuring move

Vedanta recently said the National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned a Scheme of Arrangement involving several of its subsidiaries. The order was delivered on January 9, 2026.

The approved scheme covers Talwandi Sabo Power Limited (TSPL), Vedanta Aluminium Metal Limited, Malco Energy Limited, Vedanta Base Metals Limited, and Vedanta Iron and Steel Limited. The restructuring is part of Vedanta’s broader plan to streamline its business structure.

According to the company, the arrangement is aimed at enabling more focused management, improving operational efficiency, and creating distinct investment opportunities for shareholders and creditors across different businesses.

Under the scheme, TSPL, a wholly owned subsidiary of Vedanta, will take over the Merchant Power Undertaking of the demerged company. All related assets and liabilities will be transferred on a going-concern basis. Employee-related obligations, including gratuity, pension, and provident fund benefits, will also move to TSPL.

Vedanta said the scheme received strong creditor backing. It was approved by 100 per cent of secured creditors and 99.99 per cent of unsecured creditors of TSPL at meetings held in November 2025. The company added that observations raised by the Regional Director and other regulatory authorities were addressed before the final approval.

The company noted that its equity shares continue to be listed on the BSE and NSE.