Share price of Vedanta jumps as Sensex drops 169.3 points
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 7.74 per cent and 1.42 per cent, respectively.
The share price of . gained 1.39 per cent to Rs 291.35 at 10:40AM (IST) in Tuesday's trade. The counter has hit a high of Rs 296.25 and low of Rs 285.95 so far during the session. The stock had closed at Rs 287.35 in the previous session.The counter has had a total traded volume of 349938 shares so far with a value of Rs 10.23 crore on the . It traded at a price-to-earnings multiple of 22.82 and a price-to-book ratio of 2.59.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 6.06 per cent during the past one year, while the 30-share index advanced 26.8 per cent during the same period.
. belongs to the Diversified industry.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 7.74 per cent and 1.42 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 36320.0 crore for the quarter ended 31-Dec-2023, down 8.25 per cent from the previous quarter's Rs 39585.0 crore and down 4.31 per cent from the year-ago quarter's Rs 34818.0 crore.
Profit for the latest quarter stood at Rs 2013.0 crore, down 18.3 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
