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    Shares of Vedanta fall as Nifty gains

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 283.67.

    stock-market-2---gettyGetty Images
    India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
    Shares of Vedanta Ltd. slipped 5.29 per cent to Rs 271.2 in Thursday's trade as of 02:13PM (IST). It hit a high of Rs 272.5 and low of Rs 266.0 during the session.

    The stock quoted a 52-week high price of Rs 440.75 and a low of Rs 206.1. The return on equity for the stock stood at 28.75 per cent. About 1,312,130 shares have changed hands on the counter so far.

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

    The scrip has been an underperformer, down 37.32 per cent in the past one year in comparison with a 1.45 per cent fall in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 206.1 on April 06, while the 50-DMA was at Rs 296.59. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 0.0 per cent stake in Vedanta Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 1.19 per cent and 7.9 per cent stake.
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