Vedanta stock price up 2.2 per cent as Sensex climbs
As of 31-Dec-2023, promoters held 0.0 per cent stake in the company, while FIIs held 7.74 per cent and domestic institutional investors had 1.42 per cent.
Shares of . rose 2.2 per cent to Rs 273.4 at 11:21AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.As per data available on , total traded quantity on the counter stood at 123,639 shares with a turnover of Rs 3.37 crore till 11:21AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 21.34, while the price-to-book value ratio stood at 2.59.
Return on equity (ROE) was at 26.82 per cent, according to exchange data. The stock hit an intraday high of Rs 274.1 and a low of Rs 270.25 during the session and quoted a 52-week high price of Rs 301.0 and a 52-week low of Rs 207.85.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.4.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 254.48 on March 21, while the 50-DMA was at Rs 270.2. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 52.94. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Dec-2023, promoters held 63.71 per cent stake in the company, while overseas investors held 7.74 per cent and domestic institutional investors had 11.19 per cent.
Source: Stocks-Markets-Economic Times
