Vedanta shares up 3.6% as Sensex rises

The stock opened at Rs 273.4 and has touched an intraday high and low of Rs 281.85 and Rs 273.4 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 21.92, earnings per share (EPS) of Rs 12.78 and price to book value (PB) of 2.59, while the return on equity (ROE) stood at Rs 26.82.

Promoter/ FII Holding
The promoters held 63.71 per cent stake in the company as of April 01, while FII and MF ownerships stood at 7.74 per cent and 1.42 per cent, respectively.

Key Financials
With a market capitalisation of Rs 104137.53 crore, the company operates in the Diversified industry. 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 same quarter a year ago. The company reported net profit of Rs 2013.0 crore for the latest quarter, down 18.3 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 59.07. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.