Vedanta Share Price: Vedanta share price down 7.24 per cent

Shares of Ltd. traded 7.24 per cent up at Rs 313.9 at around 02:11PM (IST) on Thursday. The stock had closed at Rs 338.4 in the previous session. Equity benchmark Sensex traded 313.89 points lower at 59694.44 around the same time.

The scrip has climbed 188.06 per cent in the last one year till date, while the 30-share index has gained 37.43 per cent during the same period.

The stock’s 52-week high price stood at Rs 385.75 and the 52-week low price at Rs 106.2.

Trading volume on the counter stood at 2,848,923 shares, while it quoted a price-to-earnings ratio of 6.29, an EPS value of 49.96 and a price-to-book value of 1.37. In the Nifty50 pack, 8 stocks traded in the green, while 42 stocks were in the red.

Promoter/FII Holding
Promoters held 65.18 per cent stake in the company as of 30-Sep-2021, while foreign institutional investors and mutual funds’ ownership stood at 16.57 per cent and 3.38 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 31074.0 crore, up 6.6 per cent from the previous quarter’s Rs 29151.0 crore and up 42.91 per cent from the year-ago quarter’s Rs 21744.0 crore. The company reported net profit of Rs 4615.0 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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