THEBUSINESSBYTES
BUREAU
NEW
DELHI, OCTOBER 22, 2026
Global brokerage firm
Nomura has initiated coverage on Vedanta Aluminium with a ‘Buy’ rating and a
price target of Rs 500, implying an upside potential of over 40 per cent.
Nomura’s positive
outlook on Vedanta Aluminium is underpinned by its assessment that the company
is undergoing a favourable reset in its cost structure, which could support
value creation, according to the brokerage’s analysis.
The brokerage’s assessment reflects an increasing emphasis on operational efficiency and resource control in determining value creation in the aluminium sector, rather than relying solely on movements in commodity prices.
The ‘Buy’ rating and price target indicate Nomura’s expectations of further potential in Vedanta Aluminium as improvements in its cost structure support its business outlook.
