Vedanta share price: Stock market news: Vedanta share price leaps 7%

NEW DELHI: Shares of traded 6.96 per cent up in Monday’s trade at 11:03AM (IST). Around 1,584,025 shares changed hands on the counter.

The scrip opened at Rs 191.5 and touched an intraday high and low of Rs 204.8 and Rs 191.5, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 204.8 and a 52-week low of Rs 60.3.

Total market cap of the Vedanta Ltd. stood at Rs 75589.19 crore at the time of writing this report.

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 previous quarter’s Rs 21744.0 crore and up 7.33 per cent from the year-ago quarter’s Rs 22007.0 crore.

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

Shareholding pattern

As of 31-Dec-2020, DIIs held 5.56 per cent stake in the firm, while foreign institutional investors held 16.06 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of -10.26 and a price-to-book ratio of 0.44. 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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