Vedanta Share Price: Share price of Vedanta falls as Sensex gains 115.89 points

Share price of Ltd. dropped 1.38 per cent to Rs 289.15 at 01:09PM (IST) in Monday’s trade. The scrip hit a high of Rs 293.95 and low of Rs 288.0 so far during the session. The stock had closed at Rs 293.2 in the previous session.

The counter had a total traded volume of 01:09PM shares so far with a turnover of Rs 8.09 crore on BSE. The stock traded at a price-to-earnings multiple of 7.28 and a price-to-book ratio of 1.37.

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 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.

Promotor/FII Holding

Promoters held 65.18 per cent stake in the company as of 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 11.39 per cent and 9.5 per cent, respectively.

Key Financials

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

Its profit for the latest quarter stood at Rs 4224.0 crore, up 308.91 per cent from the same quarter a year ago.

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