Vedanta Demerger: Why Emkay Global sees Hindustan Zinc driving 87% of Group’s EBITDA
Vedanta Group's stocks have gained attention after the demerger, with Hindustan Zinc remaining the primary earnings anchor. Emkay Global Financial Services maintains a 'Buy' rating on the stock, expecting it to contribute 47% of revenue and 87% of consolidated EBITDA. Hindustan Zinc maintains a strong operational position and visibility, with defined expansion plans for non-zinc businesses.