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The Economic Times — Marketseconomictimes.indiatimes.com

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold? (opens original article in a new tab)

TL;DR

Vedanta's spun-off entities saw mixed stock performance, with oil, power, and iron stocks rising while aluminium fell, as brokerages offered varied valuations and Citi maintained a 'Buy' rating for aluminium.

  • Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel shares rose up to 5% on Tuesday, continuing a six-day winning streak.
  • Vedanta Aluminium declined 3.3% despite Citi's 'Buy' rating and 17% upside potential from its previous closing price.
  • Citi cited positive aluminium outlook, growth projects, and cost management as key drivers for its bullish call on Vedanta Aluminium.

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