Vedanta Aluminium shares are drawing attention after CLSA initiated coverage with an ‘Outperform’ rating and a Rs 540 target, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will boost the company’s global cost position and expects robust free cash flow generation. Despite a recent dip post-debut, analysts see significant upside potential, with some calling it the group’s new ‘crown jewel’.