Vedanta shares up 0.61% as Nifty drops

NEW DELHI: Shares of Vedanta Ltd. traded 0.61 per cent up in Monday's trade at 12:09PM (IST). Around 87,284 shares changed hands on the counter.

The scrip opened at Rs 314.45 and touched an intraday high and low of Rs 315.75 and Rs 311.1, 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 117054.6 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 34818.0 crore for the quarter ended 31-Dec-2022, down 6.78 per cent from previous quarter's Rs 37351.0 crore and down 0.42 per cent from the year-ago quarter's Rs 34674.0 crore.

The net profit for latest quarter stood at Rs 2464.0 crore, down 40.83 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 1.19 per cent stake in the company, while foreign institutional investors held 7.9 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 8.08 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.