Kotak starts Vedanta Aluminium at Rs 600 target; brokerages lift calls on RIL, Shyam Metalics

Kotak Institutional Equities initiated coverage on Vedanta Aluminium with a target price of Rs 600, citing its positioning as a pure-play aluminium producer amid a structural market deficit, elevated prices and potential cost reductions. Brokerages including CLSA and Jefferies also raised their ratings and target prices on metal-linked companies such as Reliance Industries and Shyam Metalics. The article does not mention other traditional assets such as gold or Coinbase.