Vedanta shares up 2.83% as Nifty gains
Vedanta Ltd. rose 2.83 per cent to Rs 444.1 in Friday's trade. It hit an intraday high of Rs 444.95 and low of Rs 434.6, respectively, during the day.
The stock quoted a 52-week high price of Rs 506.85 and low of Rs 207.85.
As of 10:35AM (IST), the counter saw total traded volume of 447,477 shares with a traded value of Rs 19.73 crore, according to NSE.
The stock had closed at Rs 431.85 in the previous session.
The scrip has advanced 0.44 per cent in the past one month till date, while the benchmark BSE Sensex has gained 11.31 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 40.91 while price-to-book ratio stood at 3.29. 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 30-Jun-2024, while FII and MF ownership in the firm stood at 12.61 per cent and 6.72 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 36093.0 crore for the quarter ended 31-Mar-2024, down 0.63 per cent from the previous quarter's Rs 36320.0 crore and down 6.58 per cent from the year-ago quarter's Rs 38635.0 crore. Its net profit for the latest quarter stood
