Vedanta share price rises 76% year-to-date: Should you Buy, Sell or Hold the stock post strong gains?

livemint.com:

Vedanta Ltd share price has risen 76% year-to-date. The rising base metal prices as that of Aluminium Zinc and others have led to improved revenue visibility for the Vedanta Ltd. The Aluminium on the London metal Exchange that were close to $2150 a tone in mid January are now trading at close to $2500 a tonne.

Zinc prices too from close to $2300 a tonne in February , now are trading above $2800 a tonne. The rising bae metal prices have triggered the Vedanta share price. Analysts however see more upside for Vedanta looking at lower Aluminium cost of Production that will boost the segments profitability furtherNuvama Institutional Equities said that Insights into cost-reduction initiatives and value-addition at Vedanta following their recent plants visits (Aluminium at Jharsuguda, Odisha, and zinc mines and smelter at Dariba, Rajasthan) are reassuring.

They have increased their target price fpr the stock to ₹644 from ₹542 earlier. This indicates more than 40% upside for Vedanta. Motilal Oswal Financial Services also says that ; focus on structural cost rationalization is likely to drive earnings.

MOFSL target price of ₹500, also indicates more than 10% upside.Analysts at Axis Securities said that at the current LME Aluminium prices, the Aluminium segment is making an Ebitda per tonne of $1,000-1,050 a tonne (versus. $598 a tonne in Q4FY24). As the same is positive for Vedanta earnings, Vedanta is targeting to achieve Aluminium segment's Ebitda per tonne of $1,350 a tonne.

. The company is increasing its Aluminium production to 3.1 mtpa (million tonne per annum) from 2.4 mtpa in FY24 and the work is on track as per analysts. Nuvama Institutional Equities said that Insights into cost-reduction initiatives and value-addition