I-Sec maintains Buy on Vedanta, lowers target price to Rs 575

ICICI Securities maintains a Buy call on Vedanta, revising the target price to Rs 575. Q4FY25 EBITDA rose 31% YoY, driven by higher volumes and cost savings. The brokerage anticipates 18.6% YoY EBITDA growth in FY26E, fueled by cost initiatives, increased volumes, and improved performance in oil & gas and power divisions.