The brokerage believes the corporate split will create independent, sector-specific entities will better reflect their true valuations (Image Source: Vedanta website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Nuvama has reiterated a 'buy' rating on Vedanta with a target price of Rs 686, asserting that the proposed demerger is poised to significantly unlock shareholder value.

This positive stance follows key developments, including the conclusion of the National Company Law Tribunal (NCLT)'s hearing on the demerger proposal. The tribunal has reserved its verdict in the matter.

The brokerage believes the split will create independent and sector-specific entities, which will better reflect their true valuations.

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