Vedanta rises 6.14% as Sensex slides

Vedanta rises 6.14% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 5.8, while the price-to-book value ratio stood at 2.3.

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
Shares of . traded at Rs 294.7 on BSE at 11:37AM (IST) on Wednesday, up 6.14 per cent from previous close.

The stock quoted a 52-week low price of Rs 206.1 and a high of Rs 440.75.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 2,059,752 lakh shares changed hands on the counter till 11:37AM (IST).

The stock of Vedanta Ltd. commanded a market value of Rs 110103.44 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 5.8, while the price-to-book value ratio stood at 2.3. Return on equity (ROE) was at 28.75 per cent, according to exchange data.

In the BSE500 pack, 171 stocks traded in the green, while 330 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.4.

Promotor/FII Holding
Promoters held 0.0 per cent in Vedanta Ltd. as of 30-Jun-2022 while foreign portfolio investors and domestic institutional investors owned 8.68 per cent and 2.1 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 323.1 on September 14, while the 50-DMA was at 252.34. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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