By vmg@gmail.com 
Vedanta Ltd continued its strong momentum in early 2026, delighting investors by touching a fresh 52-week high of ₹629.90 on January 7. The rally helped the stock meet and slightly surpass brokerage targets, including that of Emkay Global, before seeing mild profit-booking.
The stock remains in focus due to its upcoming Q3 results, a major 1:5 demerger, and expectations of improved valuation clarity once the restructuring is completed.
📊 Vedanta Share Price Performance
At the time of writing, Vedanta shares were trading around ₹622 on the BSE, valuing the company at approximately ₹2.43 lakh crore in market capitalisation.
Key highlights:
- 52-week high: ₹629.90
- 1-year return: Nearly 39%
- Trend in 2026: Strong upward momentum
Despite a minor correction from the day’s high, sentiment around the stock remains positive.
⚠️ BALCO Penalty Update: No Material Impact
Recently, Vedanta’s subsidiary Bharat Aluminium Company Ltd (BALCO) received an order from the Office of the Principal Commissioner of Customs, Kolkata, involving:
- Penalty: ₹2 lakh
- Fine: ₹15 lakh
- Tax demand with interest
Vedanta clarified that the issue relates to an incorrect IGST rate applied in a past import transaction and will not have any material financial impact on the company.
🔄 Vedanta Demerger: 1:5 Split Explained
Vedanta has received NCLT approval for its much-awaited demerger in a 1:5 ratio, marking one of the largest restructuring exercises in India’s metals sector.
📌 Post-Demerger Structure
Vedanta’s businesses will be split into five separate listed entities:
- Vedanta Aluminium
- Vedanta Oil & Gas
- Vedanta Iron & Steel
- Vedanta Power
- Vedanta Ltd (Parent Company) – holding Hindustan Zinc and future businesses
💡 Existing shareholders will receive equity shares in each of the four new entities, proportional to their current holdings, ensuring continuity of ownership.
📈 Why Analysts Still Like Vedanta Stock
Vedanta has already met Emkay Global’s target price of ₹625, yet analysts continue to maintain a BUY stance.
Emkay’s key reasoning:
- Strong earnings outlook for Hindustan Zinc
- Benefit from the ongoing silver price rally
- Minimal hedging reflects confidence in future pricing
📌 Emkay estimates:
- FY27 zinc output: ≥1,080 kt
- Silver production: ~700 tonnes
- Every $1/oz move in silver impacts EBITDA by 1%
At spot prices, Emkay sees EBITDA potential of ₹258 billion, significantly higher than consensus estimates.
🧠 Analyst Consensus on Vedanta
According to Trendlyne data:
- 13 analysts currently track Vedanta
- Overall rating: BUY
- Analysts believe the demerger could unlock value and improve transparency
📋 Quick Snapshot: Vedanta at a Glance
| Particulars | Details |
|---|---|
| Current Price | ~₹622 |
| 52-Week High | ₹629.90 |
| Market Cap | ₹2.43 lakh crore |
| 1-Year Return | ~39% |
| Demerger Ratio | 1:5 |
| Analyst View | BUY |
🔍 Should You Still Buy Vedanta?
While the stock has already delivered strong gains, analysts believe:
- Value unlocking post-demerger could support further upside
- Individual businesses may get better sector-specific valuations
- Near-term volatility is possible, but long-term outlook remains positive
👉 Investors with a medium-to-long-term horizon may continue to track or accumulate on dips, subject to risk appetite.
⚠️ Disclaimer
This article is for educational and informational purposes only. It does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.