Vedanta shares down 5.12% as Nifty drops
A total of 397,554 shares changed hands on the counter till 01:45PM (IST).
NEW DELHI: Shares of . traded 5.12 per cent down in Wednesday's trade at 01:45PM (IST). Around 397,554 shares changed hands on the counter.The stock opened at Rs 268.35 and touched an intraday high and low of Rs 270.45 and Rs 255.6, respectively, in the session so far. The stock of . quoted a 52-week high of Rs 301.0 and a 52-week low of Rs 207.85.
Total market cap of the Ltd. stood at Rs 96071.2 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 36320.0 crore for the quarter ended 31-Dec-2023, down 8.25 per cent from previous quarter's Rs 39585.0 crore and down 4.31 per cent from the year-ago quarter's Rs 34818.0 crore.
The net profit for latest quarter stood at Rs 2013.0 crore, down 18.3 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 1.42 per cent stake in the firm, while foreign institutional investors held 7.74 per cent and the promoters 63.71 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 20.22 and a price-to-book ratio of 2.59. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Ltd. belongs to the Diversified industry.
Source: Stocks-Markets-Economic Times
