Vedanta shares gain 0.49% as Sensex falls
Vedanta Ltd. traded 0.49 per cent up at Rs 261.9 at 10:35AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 71.17 points to 71243.92.
The stock had closed at Rs 260.6 in the previous session.
The stock quoted a 52-week high price of Rs 340.75 and 52-week low of Rs 207.85, respectively. As per BSE data, total traded volume on the counter till 10:35AM (IST) stood at 513367 shares with a turnover of Rs 13.51 crore.
At the prevailing price, the stock traded at 18.68 times its trailing 12-month earnings per share of Rs 13.99 per share and 2.59 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.4.
Shareholding Details
Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.82 per cent and DIIs 0.83 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 73.89. The RSI oscillates between zero and 100.
