Vedanta share price down 0.58 per cent

economictimes.indiatimes.com:

Vedanta Ltd. traded 0.58 per cent up at Rs 277.35 at around 12:33PM (IST) on Thursday. The stock had closed at Rs 278.95 in the previous session.

Equity benchmark Sensex traded 201.85 points lower at 66505.35 around the same time. The scrip has climbed 13.88 per cent in the last one year till date, while the 30-share index has gained 18.58 per cent during the same period. The stock's 52-week high price stood at Rs 340.75 and the 52-week low price at Rs 235.9.

Trading volume on the counter stood at 137,717 shares, while it quoted a price-to-earnings ratio of 11.72, an EPS value of 23.65 and a price-to-book value of 2.59. In the Nifty50 pack, 20 stocks traded in the green, while 29 stocks were in the red.Promoter/FII Holding Promoters held 68.11 per cent stake in the company as of 30-Jun-2023, while overseas investor and MF ownership stood at 7.48 per cent and 0.25 per cent, respectively.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 34279.0 crore, down 11.27 per cent from the previous quarter's Rs 38635.0 crore and down 12.9 per cent from the year-ago quarter's Rs 39355.0 crore. The company reported net profit of Rs 2640.0 crore for the latest quarter.Technical Indicators The MACD signalled a bearish bias on the counter.

The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect «buy» or «sell» opportunities.