Geojit upgrades Vedanta Aluminium to buy with Rs 498 target

moneycontrol.com

Geojit Financial Services has issued a buy rating on Vedanta Aluminium Metal with a target price of Rs 498, based on its research report dated September 2, 2026. The company's consolidated revenue rose 46% year-on-year to Rs 21,393 crore, driven by higher aluminium volumes and improved realizations. EBITDA grew 134.8% to Rs 10,299 crore, while profit after tax climbed 205.1% to Rs 6,597 crore in Q1FY27. Management expects higher alumina production and increased domestic market penetration in coming quarters. The target price is based on 5.2x FY28E EV/EBITDA, supported by deleveraging and robust free cash flow generation.


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Geojit upgrades Vedanta Aluminium to buy with Rs 498 target | News Minimalist