Shares of Vedanta rise as Nifty gains
Vedanta Ltd. gained 0.97 per cent to Rs 238.55 in Friday's trade as of 10:15AM (IST).
It hit a high of Rs 240.45 and low of Rs 236.3 during the session.
The stock quoted a 52-week high price of Rs 340.75 and a low of Rs 230.15. The return on equity for the stock stood at 26.82 per cent.
About 338,966 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.4.
The scrip has been an underperformer, down 24.05 per cent in the past one year in comparison with a 11.79 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 230.15 on September 15, while the 50-DMA was at Rs 253.59. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 0.0 per cent stake in Vedanta Ltd. as of 30-Jun-2023.
