Vedanta has received thumbs up from metals & mining analysts post its September quarter results. Foreign brokerage CLSA maintained its 'Outperform' on Vedanta with a target price of Rs 580. Citi upped its target price to Rs 585 from Rs 580 earlier, while Investec reiterated its 'Buy' on Vedanta, saying the stock offers attractive dividend yields, and is a key beneficiary of forex and LME tailwinds. Advertisement

Among domestic brokerages, ICICI Securities, which has a target of Rs 590 on the stock, said Vedanta is a prime beneficiary of the surge in commodity prices. Nuvama said Vedanta's December quarter Ebitda is likely to jump 20 per cent QoQ led by higher prices, volume and lower aluminium cost of production.

Citi said Vedanta’s Q2 Ebitda rose 16 per cent YoY or 15 per cent sequent

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