Vedanta shares down 0.7% as Nifty gains

SECTIONSVedanta shares down 0.7% as Nifty gains ETMarkets.comLast Updated: Feb 07, 2024, 01:45:00 PM ISTRate StoryFollow usShareFont SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsis

A total of 299,002 shares changed hands on the counter till 01:45PM (IST).

Getty Images

NEW DELHI: Shares of Vedanta Ltd. traded 0.7 per cent down in Wednesday's trade at 01:45PM (IST). Around 299,002 shares changed hands on the counter.

The scrip opened at Rs 284.15 and touched an intraday high and low of Rs 285.5 and Rs 277.65, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 317.9 and a 52-week low of Rs 207.85.

As per BSE, the total market cap of the Vedanta Ltd. stood at Rs 104379.15 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 36320.0 crore for the quarter ended 31-Dec-2023, down 8.25 per cent from previous quarter's Rs 39585.0 crore and down 4.31 per cent from the year-ago quarter's Rs 34818.0 crore.

The net profit for latest quarter stood at Rs 2013.0 crore, down 18.3 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 1.42 per cent stake in the firm, while foreign institutional investors held 7.74 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 21.97 and a price-to-book ratio of 2.59. 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.

(You can now subscribe to our ETMarkets WhatsApp channel)

nice!（3613）