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The Economic Times
The Economic Times
Debaroti Adhikary

Vedanta Aluminium share price target: Why Citi, CLSA, Nuvama see up to 20% upside after Q1 earnings

Vedanta Aluminium AL Vedanta aluminium Citi CLSA Nuvama Emkay Vedanta Aluminium Metal BALCO

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.

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