Vedanta shares gain 0.78% as Sensex falls

economictimes.indiatimes.com:

Vedanta Ltd. traded 0.78 per cent higher in Friday's session at 01:24PM (IST). The stock opened at Rs 260.0 and has touched an intraday high and low of Rs 263.8 and Rs 255.6, respectively, during the session so far.
The stock quoted a 52-week high of Rs 301.0 and a 52-week low of 207.85. About 596,603 shares changed hands on the counter so far.

Benchmark Nifty50 was down 163.71 points at 21982.95, while the BSE Sensex traded 467.07 points lower at 72630.21 at the time of writing of this report.
In the Nifty pack, 10 stocks traded the day in the green, while 40 were in the red.

Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 36320.0 crore, down 8.25 per cent from the previous quarter's Rs 39585.0 crore and down 4.31 per cent from the year-ago quarter. The company reported net profit of Rs 2013.0 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 254.64 on March 15, while the 50-DMA was at Rs 269.6. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.