1:5 Split Coming: Vedanta Ltd Stock Hits New 52-Week High Before Correcting; Meets Emkay Target, Still Buy?

Vedanta Ltd. share price continued its healthy performance since the start of 2026. On January 7, Vedanta makes investors happy by hitting yet another 52-week high of Rs 629.90 apiece on BSE. Due to this, Vedanta has surpassed target prices of brokerages like Emkay Global. Vedanta stock is in focus for its upcoming Q3 results and development in one of the biggest demerger in metal sector. Vedanta is on the path to be split into five.

Vedanta Ltd Share Price:

At the time of writing, Vedanta stock traded at Rs 622 apiece on BSE, marginally up with market cap of Rs 2,43,226.14 crore. In the early deals, Vedanta touched a new 52-week high of Rs 629.90 apiece on BSE. In a year, Vedanta stock has risen by nearly 39%.

The performance of Vedanta is despite its subsidiary Bharat Aluminium Company Limited ("BALCO") received an order from the Office of the Principal Commissioner of Customs, Kolkata confirming Penalty of Rs 2 lakh and fine of Rs 15 lakh along with tax demand and application interest. The issue pertains to levy of incorrect rate of IGST in one of the Bills of Entry filed by the Company during import of goods.

However, Vedanta assured that the latest penalty on BALCO will have no material and financial impact on the company.

Vedanta Demerger:

Recently, Vedanta received NCLT approval for demerger of its business in the ratio of 1:5. Post demerger, Vedanta's businesses will operate as independent, sector specific companies, each positioned to capitalise on its respective market opportunities.

The resulting entities will be as follows:

- Vedanta Aluminium

- Vedanta Oil & Gas

- Vedanta Iron & Steel

- Vedanta Power

- Vedanta Limited who will continue to be the parent company housing Hindustan Zinc Limited and incubating future-facing businesses.

With the NCLT approval, Vedanta has entered the execution phase of a transformational demerger that will result in five separate listed companies including already listed Vedanta Ltd.

As per the latest update, shareholders of Vedanta Limited will receive equity shares in each of the four resulting listed entities (in addition to their shareholding in Vedanta Limited) in proportion to their existing holdings, ensuring continuity of ownership while enabling direct participation in the growth trajectories of individual businesses.

BUY Vedanta Stock?

Following the latest surge, Vedanta has surpassed Emkay Global's target of Rs 625. Emkay had recommended BUY on Vedanta due to its subsidiary Hindustan Zinc benefiting from latest silver rates rally. It said that time, "FY27 management guidance for zinc output is ≥1,080kt and for silver production ~700t-positioned in the first quartile on the global zinc cost curve; minimal hedging for FY27 reflects the management's firm belief about structural silver tightness and supports a price-led earnings upside. At spot prices, we estimate EBITDA of Rs258bn vs consensus' Rs220bn, a ~17% upgrade potential. Each USD1/oz move in silver price changes HZ's EBITDA by
1%. We believe that silver exposure is underpriced and the recent runup in the HZ and VEDL stock price reflects earnings upgrade potential."

Overall, the consensus recommendation from 13 analysts for Vedanta is BUY, as per Trendlyne data.

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