{"id":122080,"date":"2026-06-18T11:14:17","date_gmt":"2026-06-18T05:44:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=122080"},"modified":"2026-06-18T11:14:18","modified_gmt":"2026-06-18T05:44:18","slug":"vedanta-aluminium-share-price-citi-buy-rating-june-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/","title":{"rendered":"Vedanta Aluminium Share Price Gains 3% on 18 June 2026 as Citi Initiates Buy at Rs 560 Despite 10% Post-Listing Decline and Expects Aluminium Prices to Recover"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Vedanta Aluminium share price Rs 466.10, high Rs 479 (+3%) on 18 Jun. Listed June 15 at Rs 522, down ~10.5% since. Citi Buy target Rs 560 (+20%). CY27 aluminium $3,700\/t forecast. Net cash by FY28.<\/em><\/p>\n<p><a href=\"https:\/\/univest.in\/user\/stocks\/vaml\/vedanta-aluminium-metal-ltd-share-price-today\">Vedanta Aluminium<\/a> share price gained nearly 3% to a day high of Rs 479 on 18 June 2026 after Citi initiated coverage with a Buy rating and a Rs 560 target, even as the newly listed stock trades about 10.5% below its June 15 listing price of Rs 522. Citi placed Vedanta Aluminium on a 90-day positive catalyst watch and expects global aluminium prices to recover, forecasting $3,700 per tonne in CY27 and $3,800 per tonne in CY28. The brokerage sees the company transitioning to a net cash position by FY28, supported by capacity expansion and cost optimisation.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=vedanta-aluminium-citi-june-18-2026\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#Vedanta_Aluminium_Key_Facts_at_a_Glance\" title=\"Vedanta Aluminium Key Facts at a Glance\">Vedanta Aluminium Key Facts at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#Why_Citi_Is_Bullish_on_Vedanta_Aluminium_Share_Price_Despite_Post-Listing_Decline\" title=\"Why Citi Is Bullish on Vedanta Aluminium Share Price Despite Post-Listing Decline\">Why Citi Is Bullish on Vedanta Aluminium Share Price Despite Post-Listing Decline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#Vedanta_Aluminium_Share_Price_Expansion_Roadmap_and_Deleveraging\" title=\"Vedanta Aluminium Share Price: Expansion Roadmap and Deleveraging\">Vedanta Aluminium Share Price: Expansion Roadmap and Deleveraging<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#1_Aluminium_Price_Volatility_Risk\" title=\"1. Aluminium Price Volatility Risk\">1. Aluminium Price Volatility Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#2_Post-Demerger_Investor_Base_Stabilisation\" title=\"2. Post-Demerger Investor Base Stabilisation\">2. Post-Demerger Investor Base Stabilisation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#3_Coal_Linkage_and_Power_Cost_Risk\" title=\"3. Coal Linkage and Power Cost Risk\">3. Coal Linkage and Power Cost Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#What_is_Citis_rating_on_Vedanta_Aluminium_and_why\" title=\"What is Citi&#8217;s rating on Vedanta Aluminium and why?\">What is Citi&#8217;s rating on Vedanta Aluminium and why?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#What_is_Vedanta_Aluminium_share_price_today_on_18_June_2026\" title=\"What is Vedanta Aluminium share price today on 18 June 2026?\">What is Vedanta Aluminium share price today on 18 June 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#What_is_the_Vedanta_group_demerger_and_why_was_Vedanta_Aluminium_carved_out\" title=\"What is the Vedanta group demerger and why was Vedanta Aluminium carved out?\">What is the Vedanta group demerger and why was Vedanta Aluminium carved out?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#What_is_Citis_aluminium_price_forecast_for_CY27_and_CY28\" title=\"What is Citi&#8217;s aluminium price forecast for CY27 and CY28?\">What is Citi&#8217;s aluminium price forecast for CY27 and CY28?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#What_are_Vedanta_Aluminiums_expansion_plans\" title=\"What are Vedanta Aluminium&#8217;s expansion plans?\">What are Vedanta Aluminium&#8217;s expansion plans?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#Why_is_Vedanta_Aluminium_share_price_below_its_listing_price\" title=\"Why is Vedanta Aluminium share price below its listing price?\">Why is Vedanta Aluminium share price below its listing price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#What_is_the_net_debt_position_of_Vedanta_Aluminium\" title=\"What is the net debt position of Vedanta Aluminium?\">What is the net debt position of Vedanta Aluminium?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/vedanta-aluminium-share-price-citi-buy-rating-june-2026\/#Should_investors_buy_Vedanta_Aluminium_on_todays_Citi_note\" title=\"Should investors buy Vedanta Aluminium on today&#8217;s Citi note?\">Should investors buy Vedanta Aluminium on today&#8217;s Citi note?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Vedanta_Aluminium_Key_Facts_at_a_Glance\"><\/span><strong>Vedanta Aluminium Key Facts at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; margin: 20px 0;\">\n<tbody>\n<tr style=\"background: #000000;\">\n<th style=\"color: #ffffff; padding: 10px; text-align: left; border: 1px solid #CCCCCC;\">Vedanta Aluminium Fact<\/th>\n<th style=\"color: #ffffff; padding: 10px; text-align: left; border: 1px solid #CCCCCC;\">Details<\/th>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\"><a href=\"https:\/\/univest.in\/stocks\/vaml\/vedanta-aluminium-metal-ltd-share-price-today\">VAML-BE on Univest<\/a><\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Track Vedanta Aluminium Metal share price live<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Listing Date<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">June 15, 2026 (NSE: VAML-BE; demerged from Vedanta Ltd)<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Listing Price<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Rs 522<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">CMP (18 Jun 2026)<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Rs 466.10 (down ~10.5% from listing; intraday high Rs 479)<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Market Cap<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">~Rs 1.8 lakh Cr<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Net Debt\/EBITDA (Mar 2026)<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">~1.3x<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Expected Net Cash Position<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">FY28 (Citi forecast)<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Capacity (Current)<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">~3 MTPA aluminium<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Capacity Target<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">6 MTPA in 3-3.5 years; 10 MTPA long-term<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Citi Rating<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">Buy | Target Rs 560 | 90-day Positive Catalyst Watch<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">CY27 Aluminium Price Forecast<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">$3,700\/tonne (Citi commodities team)<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">CY28 Aluminium Price Forecast<\/td>\n<td style=\"padding: 10px; border: 1px solid #CCCCCC;\">$3,800\/tonne (Citi commodities team)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">Top Metal and Mining Stocks to Watch in 2026<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify metals sector turning points, <em>investors act early.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has shortlisted the <strong style=\"color: #0a0a23;\">Top Stocks to Buy<\/strong> based on current market momentum, sector trends &amp; growth potential for 2026.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Citi_Is_Bullish_on_Vedanta_Aluminium_Share_Price_Despite_Post-Listing_Decline\"><\/span><strong>Why Citi Is Bullish on Vedanta Aluminium Share Price Despite Post-Listing Decline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Citi&#8217;s bullish view on the recently-listed VAML is built on two pillars: the commodity outlook and the company&#8217;s operational trajectory. On the commodity side, Citi&#8217;s team forecasts aluminium prices averaging $3,700 per tonne in CY27 and $3,800 per tonne in CY28, driven by persistent supply deficits. The energy-intensive nature of aluminium smelting means supply growth is constrained, while demand is growing rapidly in electric vehicles, renewable energy infrastructure and construction.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Screener to compare Vedanta Aluminium with other metal and mining stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vedanta_Aluminium_Share_Price_Expansion_Roadmap_and_Deleveraging\"><\/span><strong>Vedanta Aluminium Share Price: Expansion Roadmap and Deleveraging<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the operational side, the company has a clear expansion roadmap: doubling capacity from 3 MTPA to 6 MTPA through BALCO expansion and debottlenecking, with a longer-term target of 10 MTPA as stated by Vedanta Chairman Anil Agarwal. For Vedanta Aluminium share price, higher captive alumina production reduces the need to buy alumina externally. Greater use of domestic bauxite and captive coal for power further reduces cost dependence. Together, these factors drive Citi&#8217;s expectation of a net cash transition by FY28 from the current 1.3x net debt\/EBITDA, a significant balance-sheet improvement for Vedanta Aluminium share price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Aluminium_Price_Volatility_Risk\"><\/span><strong>1. Aluminium Price Volatility Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Vedanta Aluminium share price is highly sensitive to LME aluminium prices. If global aluminium prices weaken further from the recent soft patch, earnings could disappoint relative to Citi&#8217;s forecast. The market is watching geopolitical developments in China and Western trade policies on aluminium imports as key risk factors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Post-Demerger_Investor_Base_Stabilisation\"><\/span><strong>2. Post-Demerger Investor Base Stabilisation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Newly demerged entities often experience volatility as the investor base stabilises. Shareholders who received VAML shares as part of the demerger may continue to sell for portfolio rebalancing reasons over the coming months, creating selling pressure independent of fundamentals.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Coal_Linkage_and_Power_Cost_Risk\"><\/span><strong>3. Coal Linkage and Power Cost Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Aluminium smelting requires large amounts of electricity. The company relies partly on captive coal-based power plants. Any increase in coal prices or supply constraints for captive coal could raise power costs and compress EBITDA margins, impacting the deleveraging trajectory.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Vedanta Aluminium share price live and get metals sector recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vedanta Aluminium share price gained nearly 3% to a day high of Rs 479 on 18 June 2026 as Citi initiated a Buy rating with a Rs 560 target, implying around 20% upside, despite the stock trading 10.5% below its Rs 522 listing price. Citi expects aluminium prices to recover to $3,700 per tonne in CY27 and the company to reach net cash by FY28 on the back of capacity expansion to 6 MTPA. Investors should weigh the constructive medium-term outlook against near-term aluminium price volatility. Consult a SEBI-registered financial advisor before investing.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Citis_rating_on_Vedanta_Aluminium_and_why\"><\/span><strong>What is Citi&#8217;s rating on Vedanta Aluminium and why?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Citi has initiated coverage on Vedanta Aluminium Metal (VAML) with a Buy rating and a target price of Rs 560, implying approximately 20% upside from the stock&#8217;s level of approximately Rs 467 on June 18. Citi placed the stock on a 90-day positive catalyst watch. The brokerage cited a constructive global aluminium price outlook, capacity expansion from BALCO and debottlenecking, higher captive alumina production, domestic bauxite usage, and improved leverage as the key reasons. Citi also expects VAML to achieve a net cash position by FY28.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Vedanta_Aluminium_share_price_today_on_18_June_2026\"><\/span><strong>What is Vedanta Aluminium share price today on 18 June 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vedanta Aluminium Metal share price (NSE: VAML-BE) is Rs 466.10 as of 18 June 2026, having touched an intraday high of approximately Rs 479. The stock listed on June 15, 2026 at Rs 522 following the demerger from Vedanta Ltd, and has since declined approximately 10.5% from its listing price. Vedanta Aluminium share price reflects a market capitalisation of approximately Rs 1.8 lakh crore at the June 18 close.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Vedanta_group_demerger_and_why_was_Vedanta_Aluminium_carved_out\"><\/span><strong>What is the Vedanta group demerger and why was Vedanta Aluminium carved out?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vedanta Ltd undertook a four-way demerger in 2026 to create four separately listed pure-play entities: Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power, and Vedanta Ltd (retained for zinc, oil and gas). Vedanta Aluminium is the largest and most valuable of the four demerged entities, reflecting aluminium&#8217;s dominant share in the group&#8217;s EBITDA. The separation allows investors to invest directly in the aluminium business, potentially attracting sector-focused funds and improving valuation transparency.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Citis_aluminium_price_forecast_for_CY27_and_CY28\"><\/span><strong>What is Citi&#8217;s aluminium price forecast for CY27 and CY28?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Citi&#8217;s commodities team forecasts global aluminium prices to average $3,700 per tonne in calendar year 2027 and $3,800 per tonne in calendar year 2028. These forecasts are based on a view of persistent supply deficits in the global aluminium market, where production growth has lagged consumption growth in key markets including electric vehicles, construction and packaging. Higher LME aluminium prices would directly benefit the stock through better realisations per tonne and EBITDA per tonne.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Vedanta_Aluminiums_expansion_plans\"><\/span><strong>What are Vedanta Aluminium&#8217;s expansion plans?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company aims to double its production capacity from approximately 3 million tonnes per annum (MTPA) currently to 6 MTPA over the next three to three-and-a-half years, with a long-term target of 10 MTPA. This expansion is driven by BALCO capacity expansion and debottlenecking at existing facilities. The company also plans to increase captive alumina production, use more domestic bauxite and rely more on captive coal power for cost efficiency.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Vedanta_Aluminium_share_price_below_its_listing_price\"><\/span><strong>Why is Vedanta Aluminium share price below its listing price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vedanta Aluminium share price is approximately 10.5% below its June 15, 2026 listing price of Rs 522. The Vedanta Aluminium share price discount to listing is a common pattern for newly demerged entities, where the listing price reflects pre-listing grey market enthusiasm and initial buyers who received shares through the demerger process take profits. Additionally, global aluminium prices have seen recent weakness despite Citi&#8217;s positive medium-term outlook. The Citi Buy rating and positive catalyst watch suggest the brokerage believes the post-listing decline is an opportunity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_net_debt_position_of_Vedanta_Aluminium\"><\/span><strong>What is the net debt position of Vedanta Aluminium?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company had a net debt-to-EBITDA ratio of approximately 1.3x as of March 2026, according to Citi. The brokerage expects the company to transition to a net cash position, where total cash exceeds total debt, by FY28, driven by strong EBITDA generation from capacity expansion and potentially higher aluminium prices. This deleveraging trajectory is a key part of Citi&#8217;s bullish case for Vedanta Aluminium share price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_investors_buy_Vedanta_Aluminium_on_todays_Citi_note\"><\/span><strong>Should investors buy Vedanta Aluminium on today&#8217;s Citi note?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For Vedanta Aluminium share price, Citi&#8217;s Buy rating with a Rs 560 target implies approximately 20% upside from the June 18 level of approximately Rs 467. The 90-day positive catalyst watch signals Citi expects near-term developments. However, investors should note that the stock is still recovering from its post-listing decline and global aluminium prices have been weak. Risks include aluminium price volatility, execution risk on capacity expansion, and the coal linkage for captive power. Consult a SEBI-registered financial advisor before making any investment decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Aluminium share price Rs 466.10 on 18 June 2026. Down 10.5% from Rs 522 listing. Citi Buy target Rs 560. CY27 aluminium $3,700\/t. Net cash position by FY28. Full VAML analysis.<\/p>\n","protected":false},"author":28,"featured_media":122111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802],"class_list":["post-122080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1781761461:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["81"],"rank_math_title":["Vedanta Aluminium Share Price: Citi Buy Target Rs 560 Despite Listing Dip"],"rank_math_description":["Vedanta Aluminium share price Rs 466.10 on 18 June 2026, down 10.5% from Rs 522 listing. Citi initiates Buy at Rs 560 target. CY27 aluminium $3,700\/t. 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