Vedanta shares up 0.61% as Nifty drops
Vedanta Ltd. traded 0.61 per cent up in Friday's trade at 10:40AM (IST). Around 182,152 shares changed hands on the counter.
The stock opened at Rs 280.95 and touched an intraday high and low of Rs 283.1 and Rs 280.25, 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 206.3.
Total market cap of the Vedanta Ltd. stood at Rs 104769.25 crore at the time of writing this report.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 previous quarter's Rs 34818.0 crore and up 4.45 per cent from the year-ago quarter's Rs 40433.0 crore. The net profit for latest quarter stood at Rs 1881.0 crore, down 67.56 per cent from the same quarter a year ago.Shareholding pattern As of 31-Dec-2022, DIIs held 1.19 per cent stake in the firm, while foreign institutional investors held 7.9 per cent and the promoters 69.69 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 9.91 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.
Read more on economictimes.indiatimes.com
