Vedanta shares rise 0.47% as Nifty gains

Vedanta shares rise 0.47% as Nifty gains
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The stock quoted a 52-week high price of Rs 440.75 and a 52-week low of Rs 206.1.

Stock-market-4---istockAgencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of . traded 0.47 per cent up at Rs 317.6 on Tuesday at around 01:53PM (IST), while the benchmark BSE Sensex advanced 59.67 points to 61227.46.

As many as 307,604 shares changed hands on the counter with a total value of Rs 9.72 crore.

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

On the technical charts, the 200-DMA of the stock stood at Rs 303.49, while 50-DMA was at Rs 306.3. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 6.89 per cent in the past one year, while Sensex has risen 8.72 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 7.3 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.
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