30 Sep 2025 | 3 Mins Read
Emkay Global recommends buying Vedanta, targets Rs 525
Flipitmoney
Emkay Global recommends BUY on Vedanta-Hindustan Zinc, citing its 40% contribution to Vedanta's EBITDA and underpriced exposure to silver prices, now at USD47/oz. A $1/oz silver price move has a 1% sensitivity to HZ's EBITDA. Global peers have re-rated, potentially repricing HZ higher, justifying the unchanged target price of Rs 525.