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    Vedanta shares rise 2.05% as Sensex climbs

    Synopsis

    A total of 259,319 shares changed hands on the counter till 10:42AM (IST)

    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 the Vedanta Ltd. traded at Rs 280.8 on BSE at 10:42AM (IST) on Friday, up 2.05 per cent from previous close.

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

    Earlier, the stock saw a gap up opening in the morning.

    A total of 259,319 lakh shares changed hands on the counter till 10:42AM (IST).

    The stock of Vedanta Ltd. commands a market value of Rs 104583.39 crore.

    The stock traded at a price-to-earning (P/E) multiple of 7.22, 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.

    In the BSE500 pack, 379 stocks traded in the green, while 122 stocks were in the red.

    Promotor Holding
    Promoters held 69.69 per cent in the Vedanta Ltd. as of 31-Dec-2022 while overseas and domestic institutional investors owned 7.9 per cent and 11.04 per cent, respectively.
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