Vedanta shares rise 2.54 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 78.49 on Friday.
Shares of . rose 2.54 per cent to Rs 390.5 in Friday's trade as of 10:15AM (IST) even as the benchmark ruled at 22536.4, down 33.95 points.The scrip had closed at Rs 380.8 in the previous session. The stock quoted a 52-week low of Rs 207.85 and a high of Rs 402.95. The company quoted a market-cap of Rs 142461.93 crore on the .
On BSE, 504,102 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 29.79 times its trailing 12-month EPS of Rs 11.4 per share and 2.59 times its book value. The return on equity (ROE) stood at Rs 26.82.
Key Financials
For the quarter ended 31-Mar-2024, . reported consolidated sales of Rs 36093.0 crore, down 6.58 per cent from the same quarter a year ago. The company reported 27.22 per cent YoY de-growth in net profit at Rs 1369.0 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.
Source: Stocks-Markets-Economic Times
