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Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?
Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies, and improving leverage, making it the preferred long-term pick.
Vedanta Aluminium up 4% after Emkay starts coverage with Buy; eyes 22% gain
Vedanta Aluminium share price target: Vedanta Aluminium was one of the four companies that demerged from Vedanta Ltd and was listed as a separate entity.
This demerged Vedanta entity is up 100% in 12 days of listing
Currently, no analysts have coverage on Vedanta Iron and Steel, as of yet, with most of the coverage being given to the Aluminium division with Emkay being the most recent one.
Vedanta Aluminium shares jump over 3% as Emkay starts coverage with Buy call. 3 reasons why
Vedanta Aluminium shares surged after Emkay initiated coverage with a 'Buy' rating and a Rs 550 target, citing strong medium-term prospects. The brokerage anticipates a global aluminium deficit through 2028, driven by robust demand and supply constraints. Emkay believes structural cost reductions through backward integration will fuel earnings growth, positioning Vedanta Aluminium as a low-cost producer with a favourable risk-reward profile.
Adani Ports hits new life-time high; Emkay lifts target price by 5%
Analysts at Emkay believe that MSC's stake buy in Adani Vizhinjam Port improves Adani Ports revenue visibility, can aid the volume trajectory and positions it to capture transshipment opportunities.
JSW Steel sets board meeting date to consider fundraising proposal, dividend payout
Emkay Global, meanwhile, stated that it expects JSW Steel to report Q4 consolidated EBITDA of ₹8,420 crore (up 29.6% QoQ and 32% YoY), driven by higher realisations.
Watch | Buy the dip, says Emkay’s Manish Sonthalia; PSU banks, autos & metals in focus
Manish Sonthalia, CIO of Emkay Investment Managers, says geopolitical dips are buying opportunities, as markets typically recover within 6–9 months. He is deploying fresh flows into autos, financials, pharma, consumer durables, power transmission and select defence. He favours PSU banks over private lenders on valuations and sees AI driving demand for critical minerals, metals and energy. IT remains underweight while India could attract inflows as stability returns.
SAIL share price target raised to ₹200 by Emkay on sharp earnings recovery potential
The brokerage has raised its price target by 14% to ₹200 from ₹175 earlier, citing attractive valuations, near-term operational levers, and supportive pricing trends.
Buy Vedanta Aluminium Metal; target of Rs 550: Emkay Global Financial
Emkay Global Financial is bullish on Vedanta Aluminium Metal has recommended buy rating on the stock with a target price of Rs 550 in its research report dated July 01, 2026.
Buy Hindalco; target of Rs 1100: Emkay Global Financial
Emkay Global Financial is bullish on Hindalco has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated May 19, 2026.