Vedanta shares up 1.18% as Nifty gains

Vedanta shares up 1.18% as Nifty gains
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Synopsis

A total of 197,050 shares changed hands on the counter till 10:30AM (IST).

Reuters
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NEW DELHI: Shares of . traded 1.18 per cent up in Wednesday's trade at 10:30AM (IST). Around 197,050 shares changed hands on the counter.

The counter opened at Rs 262.7 and touched an intraday high and low of Rs 265.95 and Rs 261.65, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 440.75 and a 52-week low of Rs 206.1.

As per BSE, the total market cap of the Vedanta Ltd. stood at Rs 98784.56 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 39355.0 crore for the quarter ended 30-Jun-2022, down 2.67 per cent from previous quarter's Rs 40433.0 crore and down 35.0 per cent from the year-ago quarter's Rs 29151.0 crore.

The net profit for latest quarter stood at Rs 4421.0 crore, up 4.66 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2022, DIIs held 2.1 per cent stake in the firm, while foreign institutional investors held 8.68 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 5.2 and a price-to-book ratio of 2.3. 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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