Vedanta shares drop 1.71% as Sensex rises

Vedanta shares drop 1.71% as Sensex rises
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A total of 207,456 shares changed hands on the counter till 01:44PM (IST)

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RSI has turned north from the 60 level, confirming bullishness.
Shares of Ltd. traded 1.71 per cent down at Rs 339.0 at 01:44PM (IST) on Wednesday, even as BSE benchmark Sensex gained 36.91 points to 57934.39. The stock had settled at Rs 344.9 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 385.75 and Rs 156.1, respectively.

As per BSE data, total traded volume on the counter till 01:44PM (IST) stood at 01:44PM shares with turnover at Rs 7.07 crore.

At the prevailing price, the stock trades at 6.79 times its trailing 12-month EPS of Rs 49.96 per share and 1.37 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.4.

Shareholding Details
Promoters held 65.18 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.57 per cent and DIIs 4.04 per cent.

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