VERIFIEDET Markets·10 Jul 2026positive

Nuvama initiates Buy call on Vedanta Aluminium shares, expects profitability to exceed historical average. Here's why

AI Summary

·Nuvama Institutional Equities initiated coverage on Vedanta Aluminium with a 'Buy' rating and a target price of Rs 540.
·Motilal Oswal Financial Services also initiated coverage with a 'Buy' rating and a target price of Rs 540.
·Key drivers cited include strong earnings growth, cost reduction initiatives, firm aluminium prices, and robust cash flow generation.