Shares of Vedanta Ltd soared to a 52-week high of Rs 360.70 on Friday, before closing slightly lower at Rs 352.65. This surge comes as the mining giant progresses with its ambitious demerger plan and recently received a significant credit rating upgrade from ICRA Ltd.
Demerger Progress and Credit Rating Boost
ICRA, a prominent credit rating agency, upgraded Vedanta's long-term credit rating to ICRA AA+ with a stable outlook. The agency highlighted a material improvement in the company's credit profile during the fiscal year 2026 and anticipates further strengthening in FY27. This upgrade provides a substantial boost to investor confidence as Vedanta moves forward with its strategy to split into four distinct entities, whose individual listings are still pending.
In a related development, Vedanta's Board of Directors approved a two-month extension for Arun Misra's tenure as an executive director. His term will now run from June 1, 2026, to July 31, 2026, pending shareholder approval.
Expert Outlook on Vedanta Shares
Financial analysts offer a range of perspectives on what lies ahead for Vedanta's stock.
Positive Momentum Expected
- Ravi Singh, Chief Research Officer at Master Capital Services, noted that Vedanta remains a strong contender in the metals sector, consistently reaching new highs. He attributes this to improved sentiment in commodity markets and continued optimism surrounding the demerger. Singh maintains a positive technical outlook, suggesting the trend remains strong as long as the stock holds above Rs 335. He identifies Rs 360–370 as the next key resistance zone, advising buyers to capitalize on any dips.
- Virat Jagad, Senior Technical Research Analyst at Bonanza, emphasized Vedanta's powerful uptrend, particularly after breaking above the Rs 322.90 horizontal resistance. Supported by increased trading volumes, Jagad considers the structural momentum highly bullish. He recommends a stop loss at Rs 320 for new or existing positions, targeting an upward movement towards Rs 385-400 levels.
Cautious View and Key Levels
- AR Ramachandran, a Sebi-registered research analyst at Tips2trades, presented a more cautious stance, indicating a slight bearish sentiment on daily charts. He points to strong resistance at Rs 360 and warns that a daily close below the support level of Rs 345 could trigger a fall towards Rs 320 in the near term.
- Jigar S Patel, Senior Manager – Technical Research at Anand Rathi, highlighted crucial trading levels. Patel believes a decisive move above Rs 360 could propel the stock towards Rs 370. He projects the expected short-term trading range to be between Rs 340 and Rs 370, identifying Rs 340 as a key support and Rs 360 as resistance.