Vedanta shares up 0.48% as Nifty gains

Vedanta shares up 0.48% as Nifty gains
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Synopsis

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

Trading guideGetty Images
Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of . rose 0.48 per cent to Rs 332.3 in Friday's trade. It hit an intraday high of Rs 340.75 and low of Rs 331.5, respectively, during the day.

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

As of 10:25AM (IST), the counter saw total traded volume of 450,422 shares with a traded value of Rs 15.14 crore, according to NSE.

The stock had closed at Rs 330.7 in the previous session.

The scrip has advanced 5.81 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.68 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 7.66 while price-to-book ratio stood at 2.3. 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-2022, while FII and MF ownership in the firm stood at 8.68 per cent and 2.1 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 37351.0 crore for the quarter ended 30-Sep-2022, down 5.09 per cent from the previous quarter's Rs 39355.0 crore and down 20.2 per cent from the year-ago quarter's Rs 31074.0 crore. Its net profit for the latest quarter stood at Rs 1808.0 crore, down 60.82 per cent from the same quarter a year ago.
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