Vedanta Share Price: Shares of Vedanta fall as Nifty gains

Shares of Ltd. slipped 1.57 per cent to Rs 303.55 in Tuesday’s trade as of 01:43PM (IST). It hit a high of Rs 310.25 and low of Rs 302.5 during the session.

The stock quoted a 52-week high price of Rs 341.25 and a low of Rs 91.25. The return on equity for the stock stood at 18.62 per cent. About 416,325 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.4.

The scrip has been an outperformer, up 134.17 per cent in the past one year in comparison with a 49.99 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 91.25 on September 14, while the 50-DMA was at Rs 291.21. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 0.0 per cent stake in Vedanta Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 3.05 per cent and 10.29 per cent stake.

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