Morgan Stanley bets on timeline of Sterlite unit’s restart to boost Vedanta

A bird flies by the Vedanta office building in Mumbai August 16, 2010. India-focused miner Vedanta Resources said it will buy 51-60 percent of Cairn India for about $8.5-9.6 billion in cash to be funded via debt and cash resources, a move that would represent Vedanta's first foray into oil and gas, and help Edinburgh-based Cairn Energy fund an expensive drilling programme in Greenland. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS ENERGY) - RTXSAAV

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26 Aug, 2025 12:21

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Global research firm Morgan Stanley has an equal-weight call on Vedanta with a target at Rs 235 apiece.

It believes that timeline of actual restarting of Sterlite unit will be key for the stock.

This poses upside risks of 4 and 8 percent to Fy20 EBITDA and earnings estimates.

It is not assigning any value to the copper business.

Restart of Sterlite unit would add 8% to the brokerage’s price target.

The stock has gained over a percent in the past one month as well as in the past three days.

Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.