Vedanta stock price up 0.39 per cent as Sensex climbs

Shares of Vedanta Ltd. rose 0.39 per cent to Rs 312.1 at 11:07AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 137,629 shares with a turnover of Rs 4.3 crore till 11:07AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 8.01, 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. The stock hit an intraday high of Rs 314.0 and a low of Rs 310.6 during the session and quoted a 52-week high price of Rs 440.75 and a 52-week low of Rs 206.1.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 287.72 on February 21, while the 50-DMA was at Rs 314.49. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 46.63. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2022, promoters held 69.69 per cent stake in the company, while overseas investors held 7.9 per cent and domestic institutional investors had 11.04 per cent.