Share price of Vedanta falls as Nifty weakens

Share price of Vedanta falls as Nifty weakens
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Synopsis

A total of 308,598 shares changed hands on the counter till 01:35PM (IST).

Analysts see 15,900 to continue to pose as the immediate resistance.
Shares of . slipped 2.37 per cent to Rs 263.75 in Thursday's trade as of 01:35PM (IST).

The stock hit a high price of Rs 268.95 and low of Rs 263.55 during the session.

The return on equity (ROE) for the stock stood at 28.75 per cent. Traded volume on the counter stood at 01:35PM shares and turnover at Rs 8.2 crore around that time.

The stock of Vedanta Ltd. quoted a 52-week high and 52-week low prices of Rs 440.75 and Rs 206.1, respectively.

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

Promotor/FII Holding
Promoters held 209.07 per cent stake in the company as of 30-Jun-2022, while overseas investors held 52.59 per cent and domestic institutional investors had 8.13 per cent.

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.

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