Shares of Vedanta fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 264.17.
Shares of . slipped 1.6 per cent to Rs 408.5 in Monday's trade as of 01:18PM (IST). It hit a high of Rs 418.95 and low of Rs 404.4 during the session.The stock quoted a 52-week high price of Rs 420.0 and a low of Rs 207.85. The return on equity for the stock stood at 13.79 per cent. About 228,501 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.4.
The scrip has been an outperformer, up 48.65 per cent in the past one year in comparison with a 23.53 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 207.85 on May 06, while the 50-DMA was at Rs 313.77. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 0.0 per cent stake in . as of 31-Mar-2024. Mutual funds and foreign institutional investors held 3.55 per cent and 8.78 per cent stake.
Source: Stocks-Markets-Economic Times
