Economic TimesLean R·
Vedanta Aluminium shares can rally up to 28%? Why Systematix initiated coverage on the stock
Domestic brokerage firm Systematix Institutional Equities has initiated coverage on the country’s largest aluminium producer, Vedanta Aluminium (VAML), with a Buy rating and a target price of Rs 598, implying a 28% upside.Backward integration is set to drive the newly-demerged company’s next earnings cycle, as per the brokerage’s note, following a threefold year-on-year jump in its consolidated net profit to Rs 5,629 crore in the June quarter of FY2026.The brokerage believes that VAML is well p…
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