Vedanta Shares Rise on Brokerage Upgrades and Progress in Proposed Demerger

Vedanta shares rose over 6% amid strong buying interest, driven by positive brokerage calls and progress on the company's proposed demerger into five separately listed entities. Brokerages like Nuvama raised target prices to around Rs 806, citing expected value unlocking, robust commodity prices, and improved earnings forecasts with a projected 20% EBITDA CAGR from FY25 to FY28. The diversified business model and ongoing cost efficiencies also support optimism, while regulatory approvals for the demerger are nearing completion.