Vedanta Aluminium shares jump over 3% after Citi, Kotak initiate with Buy, see up to 29% upside. Here’s why (opens original article in a new tab)

Vedanta Aluminium shares rose over 3% after Citi and Kotak initiated coverage with 'Buy' ratings, citing positive outlook and growth potential for the aluminium business.

• Vedanta Aluminium shares rose over 3% after Citi and Kotak initiated coverage with 'Buy' ratings and target prices of Rs 560 and 600 respectively
• Citi cited positive aluminium outlook, growth potential, cost focus, and improving leverage as key drivers for its bullish call
• Kotak highlighted Vedanta Aluminium's strong positioning as a pure-play aluminium producer with volume growth, backward integration, and cost competitiveness