Vedanta shares up 0.38% as Nifty gains

economictimes.indiatimes.com:

Vedanta Ltd. rose 0.38 per cent to Rs 279.1 in Monday's trade. It hit an intraday high of Rs 280.4 and low of Rs 278.65, respectively, during the day.

The stock quoted a 52-week high price of Rs 340.75 and low of Rs 206.1. As of 11:44AM (IST), the counter saw total traded volume of 266,043 shares with a traded value of Rs 7.43 crore, according to NSE. The stock had closed at Rs 278.05 in the previous session.

The scrip has declined -0.36 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.52 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 9.81 while price-to-book ratio stood at 2.59. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 7.89 per cent and 0.45 per cent, respectively.Key Financials The company reported consolidated sales of Rs 38635.0 crore for the quarter ended 31-Mar-2023, up 10.96 per cent from the previous quarter's Rs 34818.0 crore and up 4.45 per cent from the year-ago quarter's Rs 40433.0 crore. Its net profit for the latest quarter stood at Rs 1881.0 crore, down 67.56 per cent from the same quarter a year ago.