Vedanta rises 0.23% as Sensex slides

Shares of Vedanta Ltd. traded at Rs 281.9 on BSE at 11:02AM (IST) on Thursday, up 0.23 per cent from previous close.

The stock quoted a 52-week low price of Rs 206.1 and a high of Rs 340.75.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 68,535 lakh shares changed hands on the counter till 11:02AM (IST).

The stock of Vedanta Ltd. commanded a market value of Rs 104880.77 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 9.92, while the price-to-book value ratio stood at 2.59. Return on equity (ROE) was at 26.82 per cent, according to exchange data.

In the BSE500 pack, 261 stocks traded in the green, while 240 stocks were in the red.

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

Promotor/FII Holding
Promoters held 0.0 per cent in Vedanta Ltd. as of 31-Dec-2022 while foreign and domestic institutional investors owned 7.89 per cent and 0.45 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 292.97 on June 22, while the 50-DMA was at 280.86. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.