Vedanta shares drop 1.66% as Sensex falls

Shares of Vedanta Ltd. traded 1.66 per cent down at Rs 302.95 at 01:22PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 701.36 points to 59971.36. The scrip had closed at Rs 308.05 in the previous session.

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

As per BSE data, total traded volume on the counter till 01:22PM (IST) stood at 01:22PM shares with turnover at Rs 5.47 crore.

At the prevailing price, shares of the company trades at 7.77 times its trailing 12-month EPS of Rs 38.99 per share and 2.3 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.4.

Shareholding Details
Promoters held 69.69 per cent stake in the company as of 31-Dec-2022, while FIIs owned 7.9 per cent and DIIs 11.04 per cent.