Vedanta stock price down 1.01 per cent as Sensex slides
Vedanta Ltd. fell 1.01 per cent to Rs 468.6 at 12:07PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 287,386 shares with a turnover of Rs 13.61 crore till 12:07PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 41.18, while the price-to-book value ratio stood at 3.29.
Return on equity (ROE) was at 13.79 per cent, according to exchange data. The stock hit an intraday high of Rs 477.6 and a low of Rs 468.0 during the session and quoted a 52-week high price of Rs 506.85 and a 52-week low of Rs 207.85.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.4.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 307.64 on July 08, while the 50-DMA was at Rs 443.49. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 57.33. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 61.95 per cent stake in the company, while overseas investors held 8.77 per cent and domestic institutional
