ICICI Securities has initiated coverage on Vedanta Aluminium Metal (VAML) with a ‘Buy’ rating and a target price of Rs 520, implying over 19% upside. The brokerage expects strong earnings growth, driven by favourable aluminium prices, higher volumes, backward integration and lower costs. It also sees robust cash generation, debt reduction and long-term expansion supporting the company’s outlook.
Ceigall India shares rise 4% after winning Rs 705 crore Arunachal Pradesh Frontier Highway project
Ceigall India shares rose 4% after securing a ₹704.7 crore MoRTH contract for the Frontier Highway in Arunachal Pradesh. The EPC project, awarded jointly with