Vedanta shares rise 5% as BofA upgrades stock to Buy, raises target price by 75%. Here’s why
Shares of Anil Agarwal-led Vedanta Ltd rallied as much as 5% to their intraday high of Rs 727.40 on the BSE on Wednesday after BofA Securities upgraded the stock to “Buy” from “Neutral” and sharply raised its target price to Rs 840 from Rs 480 — an increase of 75%. The international brokerage cited a…