Emkay keeps Buy on Vedanta after Hindustan Zinc beats estimates
In short
Emkay Global kept a Buy rating on Vedanta and kept its ₹350 target price after Hindustan Zinc posted strong Q2 results. Profit rose 142% year on year, and EBITDA beat estimates.
This matters because the broker still sees support from lower production costs and strong operations. The reporting does not say whether Vedanta’s share price moved after the note.
What the reporting says
Emkay Global kept a Buy rating on Vedanta with a ₹350 target price after Hindustan Zinc reported second-quarter profit up 142% year on year and EBITDA above estimates. The broker said lower production costs and strong operating performance support its FY27 earnings outlook. The immediate effect is a positive analyst call on Vedanta; the reporting does not state any fresh company guidance or management comment.
Why it matters
Emkay Global retained a Buy rating on Vedanta and a ₹350 target price after Hindustan Zinc, a Vedanta subsidiary, reported second-quarter profit up 142% year on year and EBITDA above estimates. The brokerage said lower production costs and strong operating performance support its FY27 earnings view. This is a positive read-through for Vedanta, but the source does not provide the full quarterly figures or any management update.