The share price of Vedanta Ltd. gained 0.1 per cent to Rs 273.65 at 01:14PM (IST) in Tuesday’s trade. The counter has hit a high of Rs 275.4 and low of Rs 269.85 so far during the session. The stock had closed at Rs 273.35 in the previous session.
The counter has had a total traded volume of 138410 shares so far with a value of Rs 3.77 crore on the NSE. It traded at a price-to-earnings multiple of 21.39 and a price-to-book ratio of 2.59.
A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 10.64 per cent during the past one year, while the 30-share index advanced 21.22 per cent during the same period.
Vedanta Ltd. belongs to the Diversified industry.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 7.74 per cent and 1.42 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 36320.0 crore for the quarter ended 31-Dec-2023, down 8.25 per cent from the previous quarter’s Rs 39585.0 crore and down 4.31 per cent from the year-ago quarter’s Rs 34818.0 crore.
Profit for the latest quarter stood at Rs 2013.0 crore, down 18.3 per cent from the same quarter a year ago.
(You can now subscribe to our ETMarkets WhatsApp channel)
(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Times of India – https://economictimes.indiatimes.com/markets/stocks/stock-watch/share-price-of-vedanta-jumps-as-sensex-gains-402-16-points/articleshow/107452130.cms