Vedanta shares up 5% after BoFA upgrade to ‘buy’

Shares of Vedanta Ltd soared over 5 per cent in early trade on Wednesday after Bank of America Corporation (BofA) upgraded the stock to buy from neutral and sharply raised its price target to ₹840 from ₹480, signalling strong upside potential from current levels.At 10.29 am, the stock traded at day’s high of ₹731.50, up 5.2 per cent from the previous close of ₹695.10.KEY HIGHLIGHTS Vedanta shares little over 5% BoFA updrages the stock to buy at a higher target price of ₹840 per share BoFA lifts EBITDA est ...