New Delhi, Oct. 21 -- Vedanta shares are in focus after its subsidiary Hindustan Zinc reported a sharp jump in second-quarter profit and beat Street estimates, prompting brokerage Emkay Global Financial Services to maintain its bullish stance on the mining major.

Analyst at Emkay Global have reiterated its Buy rating on Vedanta with a target price of Rs.350, against the current market price of Rs.243 as of 19 October, implying a potential upside of around 44%. The brokerage expects strong operating performance at Hindustan Zinc, which contributes approximately 90% of Vedanta's consolidated EBITDA, to support earnings growth in FY27.

Hindustan Zinc reported a 142% year-on-year increase in consolidated net profit to Rs.6,412 crore for the...