Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.
Vedanta's demerged entities, including Oil & Gas, Power, and Iron & Steel, experienced a significant rally, hitting upper circuits with gains up to 5%. In contrast, Vedanta Aluminium shares declined by 3%. Brokerage firms maintain a constructive outlook on specific businesses…
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