Vedanta Share Price: Vedanta shares up 1.1% as Nifty gains

NEW DELHI: Shares of Ltd. traded 1.1 per cent up in Thursday’s trade at 11:47AM (IST). Around 159,489 shares changed hands on the counter.

The stock opened at Rs 295.0 and touched an intraday high and low of Rs 295.0 and Rs 290.25, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 341.25 and a 52-week low of Rs 91.25.

Total market cap of the Vedanta Ltd. stood at Rs 109174.07 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-Jun-2021, domestic institutional investors held 3.05 per cent stake in the firm, while foreign institutional investors held 11.39 per cent and the promoters 65.18 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 7.39 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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