Share price of Vedanta falls as Sensex gains 518.9 points

Share price of Vedanta Ltd. dropped 2.31 per cent to Rs 401.1 at 02:09PM (IST) in Wednesday's trade. The counter hit a high of Rs 410.0 and low of Rs 396.5 so far during the session. The stock had closed at Rs 410.6 in the previous session.

The counter had a total traded volume of 02:09PM shares so far with a turnover of Rs 21.03 crore on BSE. The stock traded at a price-to-earnings multiple of 7.69 and a price-to-book ratio of 1.37.

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 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.

Promotor/FII Holding
Promoters held 69.69 per cent stake in the company as of 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 17.69 per cent and 1.81 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 34674.0 crore for the quarter ended 31-Dec-2021, up 11.59 per cent from the previous quarter's Rs 31074.0 crore and up 46.79 per cent from the year-ago quarter's Rs 23621.0 crore.

Its profit for the latest quarter stood at Rs 4164.0 crore, up 26.22 per cent from the same quarter a year ago.