Vedanta shares up 0.52% as Nifty gains
Vedanta Ltd. traded 0.52 per cent up in Thursday's trade at 11:06AM (IST).
Around 372,379 shares changed hands on the counter.
The stock opened at Rs 238.4 and touched an intraday high and low of Rs 240.85 and Rs 238.15, respectively, in the session so far. The stock of Vedanta Ltd.
quoted a 52-week high of Rs 340.75 and a 52-week low of Rs 232.0.
As per BSE, the total market cap of the Vedanta Ltd. stood at Rs 89101.43 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 34279.0 crore for the quarter ended 30-Jun-2023, down 11.27 per cent from previous quarter's Rs 38635.0 crore and down 12.9 per cent from the year-ago quarter's Rs 39355.0 crore.
The net profit for latest quarter stood at Rs 2640.0 crore, down 40.29 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 0.25 per cent stake in the firm, while foreign institutional investors held 7.48 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 10.13 and a price-to-book ratio of 2.59.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Vedanta Ltd.
