Vedanta shares down 3.16% as Nifty drops
Vedanta Ltd. traded 3.16 per cent down in Wednesday's trade at 12:22PM (IST). Around 1,246,888 shares changed hands on the counter.
The counter opened at Rs 230.8 and touched an intraday high and low of Rs 231.9 and Rs 223.2, respectively, in the session so far. The stock of Vedanta Ltd. quoted a 52-week high of Rs 340.75 and a 52-week low of Rs 207.85.
Total market cap of the Vedanta Ltd. stood at Rs 83153.9 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 34279.0 crore for the quarter ended 30-Jun-2023, down 11.27 per cent from previous quarter's Rs 38635.0 crore and down 12.9 per cent from the year-ago quarter's Rs 39355.0 crore.
The net profit for latest quarter stood at Rs 2640.0 crore, down 40.29 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 0.25 per cent stake in the firm, while foreign institutional investors held 7.48 per cent and the promoters 68.11 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 9.46 and a price-to-book ratio of 2.59.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
