{
  "id": 836470,
  "title": "Brokerages initiate coverage on Vedanta Aluminium, Kalyan Jewellers, 3 other stocks with up to 36% upside",
  "url": "https://urgent.news/2026/08/14/brokerages-initiate-coverage-on-vedanta-aluminium-kalyan-jewellers-3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T04:08:17.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/brokerages-initiate-coverage-on-vedanta-aluminium-kalyan-jewellers-3-other-stocks-with-up-to-36-upside/slideshow/133228834.cms"
  },
  "original_language": "en",
  "account": "A variety of brokerages in India have started covering certain stocks, including Vedanta Aluminium and Kalyan Jewellers, with potential upside of up to 36%. Jefferies, an international brokerage, recommended a Buy on the stock and set a target price of Rs 830, estimating a 36% increase from current levels. They attribute this potential growth to the company's successful combination of neighbourhood relevance with an organized retail scale. Meanwhile, domestic firm Systematix Institutional Equities offered a Buy rating on Vedanta Aluminium, forecasting a 33% upside with a target price of Rs 598. The firm cites the newly-demerged company's upcoming earnings cycle driven by backward integration as a key factor. ICICI Securities initiated coverage on the lender with an Add rating and a Rs 140 target, indicating an 11% upside, based on its estimated return on assets. The firm highlighted the bank's substantial 20% share of gold loans as a major contributor to loan growth and financial leverage. ICICI Securities assigned a target multiple slightly lower than its RoA, citing weaker core pre-provision operating profit and a more volatile growth profile. Nuvama, another domestic brokerage, set a target price of Rs 1,276 for KPR Mills, a top garment manufacturer, implying an 18% upside from its previous closing price. Nuvama views the company as benefiting from global garmenting tailwinds and consistently high utilization levels in its expansion phases.",
  "summary": "Multiple brokerages have begun analyzing selected Indian stocks, anticipating considerable growth in the future. Jefferies has given Kalyan Jewellers a Buy rating with a specific target price. Similarly, Systematix Institutional Equities has rated Vedanta Aluminium as a Buy, while ICICI Securities placed Add ratings on Canara Bank and Bank of Baroda. Nuvama has set a target price for KPR Mill…",
  "key_points": [
    "Jefferies recommends Buy on Vedanta Aluminium with 36% upside target",
    "Systematix Institutional Equities forecasts 33% upside for Vedanta Aluminium",
    "ICICI Securities adds Vedanta Aluminium with 11% upside target"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}