Vedanta Shares Rise 5% as BofA Upgrades Stock to Buy, Raises Target Price by 75%
Vedanta Limited, one of India’s largest natural resources companies, saw its shares surge 5% after Bank of America (BofA) upgraded the stock to a “Buy” rating and raised its target price by 75%. The upgrade reflects renewed optimism about Vedanta’s diversified portfolio, improving commodity cycle, and strategic restructuring moves. Background of Vedanta Vedanta Limited operates…