Vedanta shares fall 0.1% as Nifty gains

economictimes.indiatimes.com:

Vedanta Ltd. traded 0.1 per cent down at Rs 446.5 on Wednesday at around 12:17PM (IST), while the benchmark BSE Sensex advanced 236.78 points to 81692.18.
As many as 339,804 shares changed hands on the counter with a total value of Rs 15.24 crore.

The stock quoted a 52-week high price of Rs 506.85 and a 52-week low of Rs 207.85.
On the technical charts, the 200-DMA of the stock stood at Rs 325.51, while 50-DMA was at Rs 453.42. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 60.18 per cent in the past one year, while Sensex has risen 22.46 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 41.19 and a price-to-book ratio of 3.29. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.

ET Guide to ITR

ITR Filing Last Date 2024 Extension