Share price of Vedanta falls as Sensex drops 778.86 points
Vedanta Ltd. dropped 3.0 per cent to Rs 454.65 at 01:49PM (IST) in Friday's trade. The scrip has hit a high of Rs 472.1 and low of Rs 449.3 so far during the session. The stock had closed at Rs 468.75 in the previous session.
The counter has had a total traded volume of 294719 shares so far with a value of Rs 13.48 crore on the NSE. It traded at a price-to-earnings multiple of 34.21 and a price-to-book ratio of 3.29.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 109.66 per cent during the past one year, while the 30-share index advanced 21.24 per cent during the same period.
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