Vedanta Aluminium set for 22% rally? Nuvama initiates coverage, expects India’s largest primary aluminium producer to cut debt sharply
- Posted on July 13, 2026
- By Financial Express
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- 1 min read
In brief
Nuvama Investments has initiated coverage on Vedanta Aluminium with a bullish 'Buy' recommendation and a ₹540 price target, suggesting approximately 22% appreciation potential. The brokerage's optimistic outlook stems from anticipated robust earnings expansion, operational cost reductions, strategic capacity augmentation initiatives, and a significant deleveraging trajectory expected throughout the coming years for India's premier primary aluminium manufacturer.
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Vedanta Aluminium set for 22% rally? Nuvama initiates coverage, expects India’s largest primary aluminium producer to cut debt sharply
Vedanta Aluminium has received a 'Buy' rating from Nuvama with a target price of ₹540, implying nearly 22% upside. Here's why the brokerage sees strong earnings growth, lower costs, capacity expansion and a sharp fall in debt over the next few years.
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