Vedanta share price gains 6% overnight to reach a new high

Metal stocks dazzled on Wednesday, January 14, including industrial metals. The Nifty Metal traded 2.7 per cent higher at INR 11,660.45 levels, with Vedanta stocks gaining 6.1 per cent. From INR 637.20 (USD 7.05) on January 13, Vedanta's share price surged to INR 676 ($7.48), reflecting optimism around company-specific developments. Week-on-week, the stock price rose by 8.65 per cent.

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Vedanta’s internal reshaping is seen as a fresh source of momentum for the stock. Reports suggest the group is close to completing the regulatory clearances needed for its plan to split into five independently listed companies. Investors widely expect the exercise to surface value that is not yet reflected in the current share price.

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Hindustan Zinc, a subsidiary of Vedanta, also emerged as one of the outstanding performers, following a jump of more than 6.5 per cent to touch a fresh 52-week high of INR 670.95 ( USD 7.43) on the NSE. 

However, analysts argue that the current share price does not yet fully capture the worth of Vedanta’s aluminium and zinc businesses, effectively leaving the remaining operations valued at little to nothing. Alongside the restructuring, firm commodity prices, cost-reduction efforts and rising volumes are expected to support performance.

Vedanta’s earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to grow at a compound annual growth rate of 20 per cent between FY25 and FY28E, driven by steady contributions from its core segments.