Vedanta shares up 1.43% as Nifty falls

Vedanta shares up 1.43% as Nifty falls
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Synopsis

The stock quoted a 52-week high price of Rs 440.75 and low of Rs 209.8.

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
Shares of Vedanta Ltd. rose 1.43 per cent to Rs 436.4 in Monday's trade. It hit an intraday high of Rs 440.75 and low of Rs 430.2, respectively, during the day.

The stock quoted a 52-week high price of Rs 440.75 and low of Rs 209.8.

As of 11:16AM (IST), the counter saw total traded volume of 150,745 shares with a traded value of Rs 6.56 crore, according to NSE.

The stock had closed at Rs 430.25 in the previous session.

The scrip has advanced 15.4 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.63 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 8.35 while price-to-book ratio stood at 1.37. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Diversified industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and MF ownership in the firm stood at 8.67 per cent and 1.17 per cent, respectively.

Key Financials
The company 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 net profit for the latest quarter stood at Rs 4164.0 crore, up 26.22 per cent from the same quarter a year ago.

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