Vedanta Shares: HZL Drives Q1, Analysts See Upside

Vedanta is a big mining company in India.

In its first quarter, it made money as expected because it sold more products and the market prices were good.

The company plans to keep growing its earnings and spend money on new projects, while also paying down debt.

A research firm called MOFSL thinks the stock is worth about Rs 290 and gives it a neutral rating.

Other firms like Emkay, CLSA, ICICI, Nuvama, Investec, Kotak, and Citi also look at the stock and give it buy ratings, with target prices ranging from Rs 235 to Rs 350.

Nuvama also talks about future zinc prices and a discount for the holding company.

Overall, analysts see good upside for the stock if the company keeps doing well.