Non Ferrous Metals · VAML
Aluminium
from 468 today
We initiate coverage on Vedanta Aluminium Metal Ltd with a BUY rating and a target price of Rs 598/share, based on 6.5x FY28E EV/EBITDA. VAML is India’s largest primary aluminium producer and the world’s third-largest producer (excluding China), with ongoing backward integration expected to structurally reduce production costs.
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