Vedanta Share Price: Vedanta shares fall 0.59% as Nifty drops

Shares of Ltd. traded 0.59 per cent down at Rs 351.65 on Monday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 26.6 points to 57133.75.

As many as 293,971 shares changed hands on the counter with a total value of Rs 10.29 crore.

The stock quoted a 52-week high price of Rs 385.75 and a 52-week low of Rs 117.7.



On the technical charts, the 200-DMA of the stock stood at Rs 272.71, while 50-DMA was at Rs 317.45. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 190.87 per cent in the past one year, while Sensex has risen 30.2 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 7.07 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.

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