Nalco’s stock is factoring in alumina price of $450 per tonne, said Emkay Global. It sees upside skew in earnings for Nalco and Vedanta, with Ebitda upgrade potential of 16.8 per cent and 4.4 per cent, respectively.
An analyst from YES Securities said that Vedanta has faced downward pressure, leading to a gradual decline in its stock price towards the key support zone in the past 5-6 weeks.
Vedanta shares: The proposed demerger will create independent companies housing aluminium, oil & gas, power steel and ferrous materials, and base metals businesses.
Tata Steel shares vs Vedanta shares: The two metal stocks have seen negative sentiment in the short term due to Trump announcing steps to safeguard the US economy.
Shares of Vedanta will be in focus during the trading session on Tuesday on the back of three reasons including its board meeting later today, besides Trump tariffs on metal stocks.
YES Bank expects margin expansion from FY26 onwards, while Vedanta sees major benefits of lower alumina price and higher contribution of captive alumina to reflect from Q1FY26.
Vedanta share price today: The stock of Anil Agarwal-led metal and mining company was trading lower in early deals. Vedanta stock slipped 4.78% to Rs 433.75 on Monday against the previous close of Rs 455.55 on BSE.
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