Emkay initiates coverage on Vedanta with Buy call; target price Rs 600 Jobbery Stock Market update

Emkay Global Financial Services has set a buy rating for Vedanta with a target price of Rs 600, suggesting a 21% upside and a 9% dividend yield. Vedanta’s positive outlook is based on its upcoming demerger, project completions, consistent dividends, and easing balance sheet concerns. Promoters hold a 56.38% stake in the company.