NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.Yes Securities ReportThe analyst meet which was held on Feb. 27, focused on the demerger story and potential value unlocking from the same. The meet also laid out the expansion plans under different verticals for the company. At the current market price, the company currently trades at 5.01 times enterprise value/Ebitda at FY24E as per Bloomberg estimates.Demerger aimed to unlock potential value On September 29, 2023, the Vedanta board approved a pure-play, asset-owner business model that will ultimately result in six separate listed companies. We see this move to benefit the company in value unlocking by –Firstly, it makes the complex business structure simpler with sector focused operations. Secondly, the demerger makes it easier for the investors to value businesses individually and invest in more value accretive sectors that would down the line be the compounders of wealth. Thirdly, majority of the capex is being put into minerals-based sectors – zinc, aluminium, and copper. The growth of the use of the base metals is expected from the upcoming sustainability goals for the company and the economy in general which could see these businesses to become the next cash-cows for the group.Click on the attachment to read the full report:Here Are The Top Stock Picks For March 2024 By Axis SecuritiesDISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.