Vedanta shares up 1.87% as Nifty gains
A total of 381,043 shares changed hands on the counter till 10:55AM (IST).
NEW DELHI: Shares of . traded 1.87 per cent up in Tuesday's trade at 10:55AM (IST). Around 381,043 shares changed hands on the counter.The stock opened at Rs 444.35 and touched an intraday high and low of Rs 453.85 and Rs 442.0, respectively, in the session so far. Shares of the company of . quoted a 52-week high of Rs 506.85 and a 52-week low of Rs 207.85.
Total market cap of the Ltd. stood at Rs 164932.44 crore at the time of writing this report.
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 previous quarter's Rs 36320.0 crore and down 6.58 per cent from the year-ago quarter's Rs 38635.0 crore.
The net profit for latest quarter stood at Rs 1369.0 crore, down 27.22 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 3.55 per cent stake in the firm, while foreign institutional investors held 8.77 per cent and the promoters 61.95 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 38.91 and a price-to-book ratio of 3.29. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Ltd. belongs to the Diversified industry.
Source: Stocks-Markets-Economic Times
