Vedanta Limited Stock in Focus: VEDL Share Price on 24 Dec 2025, Demerger Update, Silver Rally, and Latest Analyst Targets

Vedanta Limited (NSE: VEDL) is ending 2025 with a rare “all engines firing” narrative: a tribunal-cleared demerger plan, a powerful precious-metals rally boosting sentiment around its Hindustan Zinc exposure, and fresh brokerage upgrades arguing the company could finally shake off a long-standing conglomerate discount.

As of 24 December 2025, Vedanta’s stock is trading around ₹597–₹598, up roughly ~2% on the day in intraday data, and sitting near a fresh 52-week high zone. ^[1]

But the bigger story isn’t just the price tick. It’s why Vedanta is back on traders’ and long-term investors’ radar—and what still needs to go right for the rally to sustain.

Vedanta share price today: where VEDL stands on 24 December 2025

Intraday data shows Vedanta around ₹597.7–₹597.8 on 24 Dec 2025, with the session pushing up to about ₹599—levels that also mark the upper end of its 52-week range in the same market snapshots. ^[2]

That matters because it frames the current move as more than a bounce. The stock is trading at a point where investors typically demand a fresh catalyst—or at least confirmation that the existing catalysts (demerger, commodities, cash returns) are translating into cleaner corporate structure and durable cash flows.

The biggest catalyst: Vedanta’s demerger gets NCLT approval—and the market prices in “value unlocking”

The central headline driving Vedanta’s December momentum is the National Company Law Tribunal (NCLT) approving Vedanta’s demerger scheme—a key milestone the company says moves it into the execution phase. ^[3]

What the demerger is supposed to do

Vedanta has positioned the restructuring as a shift from a complex metals-to-oil conglomerate into multiple listed, sector-focused companies, allowing investors to value each business more directly. In its press release, Vedanta described the post-demerger structure as resulting in five listed companies, including the residual Vedanta Limited that will continue to hold its stake in Hindustan Zinc (and act as an “incubator” for new businesses). ^[4]

Reuters, reporting on the same approval, described the “five-way split” and noted the plan had faced government pushback earlier amid concerns about dues recovery, before the tribunal approval. ^[5]

A detail investors are watching closely: pending approvals for power

One reason the story still has “execution risk” attached is that not every piece is perfectly tidy yet. A Citi note cited by Economic Times flagged that approvals for the Vedanta Power demerger are still awaited, with the next hearing scheduled for 7 January (as reported there). ^[6]

Timeline: March 2026 target

The company has guided to completing the demerger by 31 March 2026, and this date has become the market’s focal point for “how long do we wait for the re-rating?” ^[7]

Why silver is suddenly a Vedanta headline (and not just a commodity headline)

On 24 December 2025, the “Vedanta + silver” storyline got a fresh jolt after Chairman Anil Agarwal posted bullish commentary on silver’s 2025 run, arguing it has moved beyond being merely precious and is increasingly “functional” due to industrial demand in areas like solar and defence. ^[8]

The timing is important: this isn’t occurring in a quiet commodity tape. Reuters reported silver hitting record highs around $72/oz, alongside gold and platinum records, as investors piled into precious metals on expectations of further U.S. rate cuts and geopolitical/trade uncertainty. ^[9]

Why Vedanta investors care

Vedanta’s link to this move is mainly via Hindustan Zinc, where silver is a meaningful profit driver. Economic Times reported that for the quarter ended September 2025, Hindustan Zinc’s consolidated profit after tax was ₹2,649 crore, with silver contributing nearly ~40% of overall profits (as framed in that coverage). ^[10]

In simple terms: if silver prices stay elevated, the “by-product economics” can improve margins faster than many investors expect, because a portion of costs are already absorbed in zinc/lead operations—so incremental silver revenue can be disproportionately profitable (though this always depends on realized prices, volumes, and costs).

Aluminium growth: Lanjigarh scaled to 5 MTPA, with a record month of alumina output

While silver is grabbing headlines this week, Vedanta’s aluminium chain remains the heavyweight in the earnings story—and the company is feeding that narrative with operational milestones.

Vedanta Aluminium said it has successfully scaled the Lanjigarh refinery to 5 million tonnes per annum (MTPA), and highlighted a record monthly alumina production of 254 KT in November. ^[11]

The company also positioned Lanjigarh as:

India’s largest single-location alumina refinery, and
the world’s second-largest alumina refinery (ex-China), in its statement. ^[12]

For stock-watchers, this matters because a stronger alumina backbone can improve cost competitiveness and reduce vulnerability to alumina price spikes—one of the big swing factors for aluminium producers.

Oil & gas and “Energy Vedanta”: Cairn’s offshore milestone adds another thread

Vedanta’s oil and gas business (Cairn Oil & Gas) also posted a notable operational update in late December: Economic Times reported Cairn completed India’s first Sub-Sea Template (SST) installation on the West Coast in the Ambe offshore block, calling it a significant engineering milestone and noting drilling is expected to commence shortly. ^[13]

This is not the primary driver of the stock on 24 Dec—but in a demerger narrative, each vertical’s momentum matters because investors are trying to imagine how standalone entities might be valued.

Analyst forecasts and targets for Vedanta stock: what brokerages are saying now

Here’s where the “forecast” portion of the Vedanta story gets concrete. Multiple research notes and market reports in December have turned more constructive after the NCLT approval.

Upgrades and target prices in the news flow

Kotak Institutional Equities upgraded Vedanta to Buy and raised its target price to ₹650, according to Economic Times, also outlining a bull-case value of ₹770 on FY28 financials in its discussion. ^[14]
A Nuvama note cited by Times of India put a Buy rating with a target of ₹686, pointing to “demerger, delivery, and deleveraging” and citing potential triggers including a possible further dividend by January 2026 (as per that report). ^[15]
ICICI Securities (retail research) maintained a BUY with a target of ₹650 in a December 15 note, explicitly linking its view to firm non-ferrous prices, expansion projects, leverage improvement metrics, and dividend support. ^[16]
A Citi view carried by Economic Times argued the demerger could narrow the conglomerate discount and referenced valuation frameworks like EV/EBITDA while highlighting remaining process steps. ^[17]

What consensus snapshots say

Investing.com’s consensus page (as captured in the latest accessible snapshot) showed:

13 analysts covering Vedanta,
a 12-month average target around ₹575.46,
a high estimate of ₹686 and low estimate of ₹480, and
a consensus bias toward “Buy” (9 buys, 4 holds, 0 sells in that breakdown). ^[18]

Mint’s market-stats snapshot also reflected a Buy-leaning distribution (strong buys + buys outweighing holds, with no sells shown there). ^[19]

How to interpret the spread: the dispersion between ~₹480 and ~₹686 tells you analysts are not just forecasting earnings—they’re forecasting how cleanly the demerger executes, how debt gets allocated, and what commodity prices do next.

Debt, dividends, and the “carry trade” question investors keep asking

Vedanta’s investor base has long included dividend-seekers, and the company is well aware of it. NDTV Profit reported Agarwal saying dividend policy will remain integral—memorably: “I live for dividend,” as quoted there. ^[20]

Broker commentary is also anchoring part of the stock’s support on dividends and cash flows:

Moneycontrol’s analysis pegged forward dividend yield estimates around ~5–6% (as stated there), while discussing cash flow strength from metals. ^[21]
ICICI’s note similarly highlighted a forward dividend yield around ~6% and referenced cumulative operating cash flows above ₹30,000 crore since FY22 (as presented in that report). ^[22]

The debt numbers look different depending on the lens—so investors should read definitions carefully

Debt is the sensitive topic in the Vedanta ecosystem, especially because the listed company’s cash returns have often been discussed alongside the parent (Vedanta Resources) refinancing needs.

Reuters reported Vedanta’s consolidated borrowings at ₹259.38 billion at end-September 2025 in its demerger report. ^[23]
Moneycontrol’s analysis referenced FY25 total debt ~₹73,853 crore and cash/liquid investments ~₹20,749 crore, implying net debt ~₹53,000 crore, with net debt/EBITDA improving to about ~1.35–1.40x as of September 2025 (as stated there). ^[24]
Separately, a Citi-linked Economic Times report cited Agarwal discussing ₹48,000 crore of debt on Vedanta’s books to be allocated across demerged entities based on cash flows. ^[25]

These figures may reflect different periods, scopes (standalone vs consolidated), or definitions (gross debt vs net debt vs “borrowings”). The practical takeaway for investors isn’t which single number “wins”—it’s that the post-demerger debt allocation and cash-flow visibility for each resulting entity will likely be one of the biggest drivers of valuation.

Parent-company refinancing: why Vedanta Resources headlines can move VEDL sentiment

Even if you only own the India-listed stock, the parent’s refinancing story can influence sentiment.

Economic Times reported Vedanta Resources is in advanced discussions for a $500 million loan, potentially closing in early 2026, aimed at refinancing high-cost debt and partly funding capex at Konkola Copper Mines. The report also described proposed terms and lender group details. ^[26]

And Reuters previously reported that Singapore police were reviewing a complaint by short seller Viceroy Research related to dividend funding allegations—claims Vedanta rejected as baseless, according to that report. ^[27]

This is why the market often treats Vedanta as a “structure + cash flow + credibility” trade, not just a commodity trade.

Key risks to watch from here

Even with the current momentum, Vedanta’s setup has real risk edges:

Commodity volatility is the obvious one. Silver can sprint, stumble, and sprint again; aluminium and zinc cycles can turn quickly. Reuters’ own description of precious metals moves noted thin year-end liquidity can exaggerate price swings. ^[28]

Execution risk is the other: the demerger is approved, but implementation involves regulatory clearances, asset/liability transfers, and (importantly) making each new entity’s capital structure investable from day one. ^[29]

What to track next for Vedanta stock into 2026

If you’re following VEDL from here, the “watchlist” is fairly clear:

Demerger execution milestones and remaining approvals (including power-related proceedings). ^[30]
Commodity direction: silver’s price behavior after its record run, and aluminium’s cost/price spread. ^[31]
Operational delivery: ramp-up benefits from Lanjigarh and other capacity improvements. ^[32]
Capital allocation clarity: how debt, dividends, and capex priorities look once the “pure-play” logic becomes operational reality. ^[33]

Vedanta’s stock is trading like a company that’s trying to become a simpler story—without losing the cash-generation muscle that made it famous in the first place. Whether it pulls that off is what 2026 will answer.

References