Share price of Vedanta jumps as Sensex drops 1.09 points
Vedanta Ltd. gained 1.63 per cent to Rs 275.65 at 10:15AM (IST) in Tuesday's trade. The scrip hit a high of Rs 276.0 and low of Rs 271.2 so far during the session.
The stock had closed at Rs 271.25 in the previous session. The counter had a total traded volume of 10:15AM shares so far with a turnover of Rs 486.0 crore on BSE. The stock traded at a price-to-earnings multiple of 11.65 and a price-to-book ratio of 2.59.
A higher P/E 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 is the measure of the price that investors are ready to pay even for no growth in the business. Vedanta Ltd.
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