Share price of Vedanta Ltd. jumps as Sensex gains 75.95 points

Share price of Vedanta Ltd.  jumps  as Sensex  gains  75.95 points

The share price of Vedanta Ltd. gained 1.01 per cent to Rs 230.95 at 12:24PM (IST) in Thursday’s trade. The counter has hit a high of Rs 231.8 and low of Rs 228.75 so far during the session. The stock had closed at Rs 228.65 in the previous session.

The counter has had a total traded volume of 2758415 shares so far with a value of Rs 63.57 crore on the NSE. It traded at a price-to-earnings multiple of -11.68 and a price-to-book ratio of 0.44.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 268.05 per cent during the past one year, while the 30-share index advanced 71.75 per cent during the same period.

Vedanta Ltd. belongs to the Diversified industry.

Promotor/FII Holding

Promoters held 0.0 per cent stake in the company as of 31-Dec-2020, while FIIs and domestic institutional investors ownership stood at 16.06 per cent and 5.56 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 23621.0 crore for the quarter ended 31-Dec-2020, up 8.63 per cent from the previous quarter’s Rs 21744.0 crore and up 7.33 per cent from the year-ago quarter’s Rs 22007.0 crore.

Profit for the latest quarter stood at Rs 3299.0 crore, up 40.5 per cent from the same quarter a year ago.

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