VEDL.NS Stock Today: January 16 Kotak Hikes Target; ₹965 Bull-Case
Vedanta share price hit a fresh record this week after broker upgrades tied to metals strength and the planned Vedanta demerger. Shares of Vedanta (VEDL.NS) traded near ₹675.75 on 16 January, up 6.05% intraday, with a new 52-week high at ₹679.45. Kotak raised its fair value to ₹780 and outlined a spot-price bull case up to ₹965, while Nuvama moved to ₹806. We break down drivers, key levels, and what to track into the upcoming results.
Kotak’s new target and the ₹965 bull case
Kotak reiterated Buy, lifting its fair value to ₹780 and flagging a spot-price bull case of ₹965 on stronger metals pricing and the Vedanta demerger narrative. Nuvama also kept Buy with a target of ₹806, citing upgrades to operating profit from aluminium, zinc, and silver. See coverage on Moneycontrol and LiveHindustan.
Vedanta share price jumped 6.05% to ₹675.75, with the day’s range at ₹642.15-₹679.45 and a new 52-week high at ₹679.45. Turnover was heavy at 4.58 crore shares versus a 1.23 crore average. Market cap stands near ₹2.64 lakh crore. The stock is up 12.13% YTD and 55.26% over one year, outpacing its 50-DMA ₹557.74 and 200-DMA ₹474.38.
Metals tailwinds and demerger optics
Broker updates point to aluminium zinc rally support and firm silver, which can lift unit margins and earnings. Nuvama notes upgrades to EBITDA, helped by stronger spot prices and improving spreads. Kotak’s case highlights potential value unlocking from the Vedanta demerger, which could allow clearer segment valuations as the timeline advances. Sustained pricing is key for the higher-end scenarios.
At ₹675.75, Vedanta trades near 22.18x TTM EPS of ₹30.46, price-to-book of 6.57, and offers a 3.40% dividend yield. Debt-to-equity of 2.57 and a current ratio of 0.73 point to leverage and liquidity risks. Investors should weigh commodity upside against balance-sheet constraints and monitor any debt reduction or capital allocation changes alongside the demerger path.
Technical view for short-term traders
Trend strength remains high with ADX at 49.03 and RSI at 65.88. Price sits above the Bollinger upper band ₹636.54 and Keltner upper ₹620.58, signaling strong momentum. The MACD histogram is slightly negative at -0.85 as the line dips below signal, while MFI at 72.30 suggests buying pressure is elevated. Pullbacks can be swift after such extensions.
Vedanta share price is well above the 50-DMA ₹557.74 and 200-DMA ₹474.38, reinforcing the uptrend. ATR at 14.52 points to wider daily swings. Traders can watch ₹647-₹642 as a near support zone from the open and day low, and ₹679-₹680 as intraday resistance. A daily close above highs would keep the breakout intact.
What to track next
The Vedanta demerger remains a central story for potential value unlocking, as noted by both brokerages. Any filings or approvals that move the timeline forward can affect segment multiples and sentiment. Clear guidance on structure, debt placement, and governance will matter to sustain a premium. We will watch for formal updates and management commentary.
Vedanta is slated to report on 29 January 2026. Key variables include aluminium and zinc realizations, silver contribution, unit costs, and capex. Investors should look for commentary on debt reduction, dividend plans, and demerger progress. Delivery on these items can support the current rerating, while misses could trigger profit-taking after the sharp rally.
Final Thoughts
Vedanta share price is riding strong metals sentiment, record-high prints, and fresh broker support. Kotak’s ₹780 fair value and ₹965 bull-case, alongside Nuvama’s ₹806 target, reflect optimism around aluminium, zinc, and the Vedanta demerger. Still, leverage is high and momentum is stretched, so entries merit discipline. For investors, the checklist is simple: track formal demerger milestones, watch commodity realizations and costs, and review capital allocation at the 29 January results. Short-term traders can use recent highs and the ₹647-₹642 zone as reference levels. Longer-term holders should reassess position size if fundamentals or pricing turn.
FAQs
Why did the Vedanta share price hit a record high today?
The move reflects two near-term drivers. First, broker upgrades: Kotak reiterated Buy, lifting fair value to ₹780 and indicating a ₹965 bull case, while Nuvama raised its target to ₹806. Second, commodity tailwinds: an aluminium zinc rally and firm silver are improving earnings expectations. Heavy volume and a strong trend amplified the upside and helped the stock clear prior highs.
What is the latest Kotak target Vedanta and how credible is the ₹965 bull case?
Kotak’s fair value stands at ₹780, with a spot-price bull case up to ₹965 based on stronger metals pricing and potential value unlocking from the Vedanta demerger. The bull case assumes supportive commodity markets and progress on the demerger. Investors should track actual realizations, cost trends, and balance-sheet updates to see if earnings can sustain the higher valuation range.
How should traders read the current technical setup on Vedanta?
Trend strength is high with ADX near 49 and RSI around 66, while price sits above Bollinger and Keltner upper bands. That shows strong momentum but also a near overbought backdrop. MACD’s slight negative histogram hints at minor fatigue. Traders can watch ₹647-₹642 as a near support zone and ₹679-₹680 as resistance, using ATR of 14.5 to size risk.
What could change the outlook for Vedanta share price in the next month?
Two things stand out. First, earnings on 29 January 2026, where commentary on aluminium, zinc, costs, dividends, and debt will shape sentiment. Second, any formal steps on the Vedanta demerger that clarify structure and leverage by segment. Commodity price moves remain the wildcard. Strong prices and clear demerger updates would likely support the current rerating.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
