Vedanta shares up 0.33% as Sensex rises
Vedanta Ltd. gained 0.33 per cent to Rs 237.8 in Wednesday's session as of 11:47AM (IST) even as the equity benchmark Sensex traded 341.73 points higher at 65417.55.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 340.75 and a 52-week low of Rs 232.0 on NSE. Around 294293 shares changed hands on the counter till 11:47AM (IST).
The stock opened at Rs 238.05 and has touched an intraday high and low of Rs 239.0 and Rs 237.8 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 10.07, earnings per share (EPS) of Rs 23.65 and price to book value (PB) of 2.59, while the return on equity (ROE) stood at Rs 26.82.
Promoter/ FII Holding
The promoters held 68.11 per cent stake in the company as of August 30, while FII and MF ownerships stood at 7.48 per cent and 0.25 per cent, respectively.
Key Financials With a market capitalisation of Rs 88525.27 crore, the company operates in the Diversified industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 34279.0 crore, down 11.27 per cent from the previous quarter?s Rs 38635.0 crore and down 12.9 per cent from the same quarter a year ago.
The company reported net profit of Rs 2640.0 crore for the latest quarter, down 40.29 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 37.05. The RSI oscillates between zero and 100.
Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental
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