Vedanta Limited's shares experienced a significant surge, jumping over 6% to reach a fresh all-time high of Rs 678.50 on January 14, 2026. This upward movement was largely propelled by Nuvama Institutional Equities' decision to raise its target price for the mining conglomerate to Rs 806 per share. The revised target represents an increase from Nuvama's previous estimate of Rs 686, signaling a strong bullish sentiment for the stock. Nuvama's optimistic outlook is primarily based on the anticipated value unlocking from Vedanta's ongoing demerger into five separate listed entities, which is reportedly in its final stages of securing regulatory approvals. The brokerage firm believes that the current market valuation does not fully reflect the value of Vedanta's aluminium and zinc businesses, suggesting further scope for re-rating. Additionally, sustained strong commodity prices, particularly for base metals, coupled with the company's cost optimization efforts and expected volume growth in its international zinc and power operations, are projected to drive robust EBITDA growth. Nuvama forecasts a 20% Compound Annual Growth Rate (CAGR) in EBITDA between FY2025 and FY2028. The share rally also reflects broader positive market sentiment towards metal stocks and increased investor interest ahead of Vedanta's anticipated Q3 results. The NCLT had approved Vedanta's demerger scheme for most divisions in December 2025, with the power division receiving approval on January 9, 2026, marking crucial milestones. Other analysts also maintain a predominantly positive stance on the stock, with many recommending a 'buy' rating. Overall, the news underscores investor confidence in Vedanta's strategic restructuring and strong operational fundamentals.