Vedanta Aluminium shares are drawing attention after CLSA initiated coverage with an 'Outperform' rating and a Rs 540 target, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will boost the company's global cost position and expects robust free cash flow generation. Despite a recent dip post-debut, analysts see significant upside potential, with some calling it the group's new 'crown jewel'.
CLSA has initiated an 'Outperform' rating on Vedanta Aluminium shares with a target price of Rs 540, projecting an 18% upside. The brokerage highlights a strong aluminium cycle and operational strengths, including backward integration, which are expected to enhance its global…
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