Share price of Vedanta jumps as Sensex gains 364.5 points
Vedanta Ltd. gained 2.65 per cent to Rs 228.05 at 01:09PM (IST) in Wednesday's trade. The stock has hit a high of Rs 229.9 and low of Rs 222.15 so far during the session.
The stock had closed at Rs 222.15 in the previous session.
The counter has had a total traded volume of 844030 shares so far with a value of Rs 19.1 crore on the NSE. It traded at a price-to-earnings multiple of 9.64 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 20.28 per cent during the past one year, while the 30-share index advanced 14.18 per cent during the same period.
Vedanta Ltd. belongs to the Diversified industry.
Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FIIs and domestic institutional investors ownership stood at 7.48 per cent and 0.25 per cent, respectively.
