Share price of Vedanta jumps as Sensex drops 122.51 points
A total of 263,858 shares changed hands on the counter till 10:10AM (IST)
Share price of . gained 1.03 per cent to Rs 466.5 at 10:10AM (IST) in Friday's trade. The scrip hit a high of Rs 470.0 and low of Rs 462.3 so far during the session. The stock had closed at Rs 461.7 in the previous session.The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 12.31 crore on . The stock traded at a price-to-earnings multiple of 40.72 and a price-to-book ratio of 3.29.
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 is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Diversified industry.
Promotor/FII Holding
Promoters held 61.95 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 8.77 per cent and 13.15 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 36093.0 crore for the quarter ended 31-Mar-2024, down 0.63 per cent from the previous quarter's Rs 36320.0 crore and down 6.58 per cent from the year-ago quarter's Rs 38635.0 crore.
Its profit for the latest quarter stood at Rs 1369.0 crore, down 27.22 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
