ICICI Securities Cuts Vedanta Target Price to Rs 345, Cites Zinc India as Driver

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3 August 2026 at 3:42 pm

ICICI Securities Cuts Vedanta Target Price to Rs 345, Cites Zinc India as Driver

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Summary

ICICI Securities has lowered Vedanta's target price to Rs 345 from Rs 369, despite maintaining a positive outlook on zinc and silver prices. Zinc India is identified as the primary growth driver for Vedanta, contributing 95% of its EBITDA.

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