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    Vedanta share price down 1.1 per cent

    Synopsis

    A total of 217,726 shares changed hands on the counter till 02:05PM (IST).

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Shares of Vedanta Ltd. traded 1.1 per cent up at Rs 275.05 at around 02:05PM (IST) on Friday. The stock had closed at Rs 278.1 in the previous session. Equity benchmark Sensex traded 477.07 points lower at 61272.18 around the same time.


    The scrip has declined 32.09 per cent in the last one year till date, while the 30-share index has gained 7.35 per cent during the same period.

    The stock's 52-week high price stood at Rs 409.55 and the 52-week low price at Rs 206.1.

    Trading volume on the counter stood at 217,726 shares, while it quoted a price-to-earnings ratio of 7.05, an EPS value of 38.99 and a price-to-book value of 2.3. In the Nifty50 pack, 24 stocks traded in the green, while 26 stocks were in the red.

    Promoter/FII Holding
    Promoters held 69.69 per cent stake in the company as of 31-Dec-2022, while overseas investor and mutual funds' ownership stood at 7.9 per cent and 1.19 per cent, respectively.

    Key Financials
    For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 34818.0 crore, down 6.78 per cent from the previous quarter's Rs 37351.0 crore and down 0.42 per cent from the year-ago quarter's Rs 34674.0 crore. The company reported net profit of Rs 2464.0 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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