Share price of Vedanta jumps as Sensex drops 428.25 points
A total of 1,095,332 shares changed hands on the counter till 12:17PM (IST)
Share price of . gained 0.94 per cent to Rs 374.05 at 12:17PM (IST) in Tuesday's trade. The counter hit a high of Rs 379.2 and low of Rs 364.1 so far during the session. The stock had closed at Rs 370.55 in the previous session.The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 40.8 crore on . The stock traded at a price-to-earnings multiple of 29.25 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 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 63.71 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 7.74 per cent and 11.19 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.
Its 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
