Vedanta Share Price: Vedanta shares down 2.31% as Nifty gains

NEW DELHI: Shares of Ltd. traded 2.31 per cent down in Wednesday’s trade at 01:47PM (IST). Around 884,001 shares changed hands on the counter.

The stock opened at Rs 329.5 and touched an intraday high and low of Rs 330.75 and Rs 318.6, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 385.75 and a 52-week low of Rs 91.25.

As per BSE, the total market cap of the Vedanta Ltd. stood at Rs 120121.21 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 29151.0 crore for the quarter ended 30-Jun-2021, up 0.3 per cent from previous quarter’s Rs 29065.0 crore and up 71.5 per cent from the year-ago quarter’s Rs 16998.0 crore.

The net profit for latest quarter stood at Rs 4224.0 crore, up 308.91 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2021, DIIs held 3.38 per cent stake in the company, while foreign institutional investors held 8.69 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 8.13 and a price-to-book ratio of 1.37. 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.

Vedanta Ltd. belongs to the Diversified industry.

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