Vedanta Stock Price: Vedanta shares drop 1.51% as Sensex falls

Shares of Ltd. traded 1.51 per cent lower in Monday’s session at 11:02AM (IST). The stock opened at Rs 225.3 and has touched an intraday high and low of Rs 229.2 and Rs 224.4, respectively, during the session so far.

The stock quoted a 52-week high of Rs 244.9 and a 52-week low of 73.4. About 184,054 shares changed hands on the counter so far.

Benchmark Nifty50 was down 307.5 points at 14310.35, while the BSE Sensex traded 1043.97 points lower at 47788.06 at the time of writing of this report.

In the Nifty pack, 5 stocks traded the day in the green, while 45 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 23621.0 crore, 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. The company reported net profit of Rs 3299.0 crore for the latest quarter.


Promoter Holdings

Promoters held 55.11 per cent stake in the company as of 31-Dec-2020, while FIIs held 17.34 per cent and MFs 5.56 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 149.55 on April 19, while the 50-DMA was at Rs 212.43. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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