Vedanta shares drop 0.72% as Sensex rises
The stock quoted a 52-week high of Rs 396.95 and a 52-week low of Rs 207.85.
Shares of . traded 0.72 per cent lower in Tuesday's session at 02:09PM (IST). The stock opened at Rs 382.75 and has touched an intraday high and low of Rs 383.2 and Rs 371.2, respectively, during the session so far.The stock quoted a 52-week high of Rs 396.95 and a 52-week low of 207.85. About 403,252 shares changed hands on the counter so far.
Benchmark Nifty50 was up 54.75 points at 22391.15, while the BSE traded 172.53 points higher at 73821.15 at the time of writing of this report.
In the pack, 30 stocks traded the day in the green, while 20 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 36320.0 crore, 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. The company reported net profit of Rs 2013.0 crore for the latest quarter.
Promoter Holdings
Promoters held 123.9 per cent stake in the company as of 31-Mar-2024, while FIIs held 17.54 per cent and MFs 7.1 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 259.34 on April 23, while the 50-DMA was at Rs 293.29. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
