Vedanta Ltd Shares Rise After BofA Upgrade and Strong Quarterly Results

Vedanta Ltd's shares rose notably, gaining 1.98% to Rs 709.2 and reaching an intraday high of Rs 727.40 following an upgrade by BofA Securities from "Neutral" to "Buy" with a target price increase to Rs 840. The brokerage cited improved aluminium and silver price outlooks, attractive dividend yield, and reduced financial risks. Vedanta reported a 61% year-on-year profit rise to Rs 5,710 crore in Q3, with strong revenue and EBITDA growth driven by operational efficiencies and higher metal prices.