Vedanta Aluminum shares to see 22% rally? Motilal Oswal initiates coverage with Buy, lists key tailwinds

Motilal Oswal initiated coverage on Vedanta Aluminum with a Buy rating, projecting around 22% upside. The brokerage expects EBITDA to grow at over 18% CAGR over FY26-28, driven by volume expansion, structural cost reductions, and higher contribution from value-added products, supported by tightening global aluminum supply and India's demand growth. The stock, which listed at Rs 522 on June 15 post-demerger, has declined about 15% to Rs 443.80, giving the company a market cap of Rs 1.73 lakh crore.