Vedanta shares gain 0.73% as Sensex falls
Vedanta Ltd. traded 0.73 per cent higher in Thursday's session at 12:30PM (IST). The stock opened at Rs 265.15 and has touched an intraday high and low of Rs 268.35 and Rs 258.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 340.75 and a 52-week low of 207.85. About 632,980 shares changed hands on the counter so far.
Benchmark Nifty50 was down 52.0 points at 21519.95, while the BSE Sensex traded 124.07 points lower at 71376.69 at the time of writing of this report.
In the Nifty pack, 18 stocks traded the day in the green, while 32 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 39585.0 crore, up 15.48 per cent from the previous quarter's Rs 34279.0 crore and up 5.98 per cent from the year-ago quarter. The company reported net loss of Rs 1783.0 crore for the latest quarter.
Promoter Holdings Promoters held 63.71 per cent stake in the company as of 31-Dec-2023, while FIIs held 7.74 per cent and MFs 1.42 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 256.8 on January 18, while the 50-DMA was at Rs 251.53. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
