Vedanta shares down 0.09% as Nifty drops

Vedanta shares down 0.09% as Nifty drops
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Synopsis

A total of 353,987 shares changed hands on the counter till 12:34PM (IST).

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
NEW DELHI: Shares of Ltd. traded 0.09 per cent down in Thursday's trade at 12:34PM (IST). Around 353,987 shares changed hands on the counter.

The counter opened at Rs 322.7 and touched an intraday high and low of Rs 324.35 and Rs 317.1, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 385.75 and a 52-week low of Rs 97.1.

Total market cap of the Vedanta Ltd. stood at Rs 119693.73 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 31074.0 crore for the quarter ended 30-Sep-2021, up 6.6 per cent from previous quarter's Rs 29151.0 crore and up 42.91 per cent from the year-ago quarter's Rs 21744.0 crore.

The net profit for latest quarter stood at Rs 4615.0 crore, up 460.07 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, DIIs held 3.38 per cent stake in the company, while foreign institutional investors held 16.57 per cent and the promoters 65.18 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 6.45 and a price-to-book ratio of 1.37. 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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