Vedanta shares up 0.27% as Nifty gains

Vedanta shares up 0.27% as Nifty gains
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Synopsis

A total of 339,628 shares changed hands on the counter till 12:19PM (IST).

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NEW DELHI: Shares of Ltd. traded 0.27 per cent up in Tuesday's trade at 12:19PM (IST). Around 339,628 shares changed hands on the counter.

The scrip opened at Rs 256.7 and touched an intraday high and low of Rs 259.8 and Rs 253.8, respectively, in the session so far. The stock of Vedanta Ltd. quoted a 52-week high of Rs 266.25 and a 52-week low of Rs 77.05.

Total market cap of the Vedanta Ltd. stood at Rs 95624.88 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 23621.0 crore for the quarter ended 31-Dec-2020, up 8.63 per cent from previous quarter's Rs 21744.0 crore and up 7.33 per cent from the year-ago quarter's Rs 22007.0 crore.

The net profit for latest quarter stood at Rs 3299.0 crore, up 40.5 per cent from the same quarter a year ago.

Shareholding pattern
As of 16-Apr-2021, domestic institutional investors held 3.94 per cent stake in the company, while foreign institutional investors held 17.39 per cent and the promoters 55.11 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -12.98 and a price-to-book ratio of 0.44. 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. belongs to the Diversified industry.

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