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Trending stocks: Vedanta stock price rises nearly 1%

A total of 156,738 shares changed hands on the counter till 10:06AM (IST).

Last Updated: May 27, 2020, 10.09 AM IST
Total market cap of the Vedanta Ltd. stood at Rs 32748.5 crore at the time of writing this report. 
NEW DELHI: Shares of Vedanta traded 0.4 per cent up in Wednesday's trade at 10:06AM (IST). Around 156,738 shares changed hands on the counter.

The stock opened at Rs 88.4 and touched an intraday high and low of Rs 88.95 and Rs 87.8, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 179.95 and a 52-week low of Rs 60.3.

Total market cap of the Vedanta Ltd. stood at Rs 32748.5 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 21126.0 crore for the quarter ended 31-Dec-2019, down 2.82 per cent from previous quarter's Rs 21739.0 crore and down 10.74 per cent from the year-ago quarter's Rs 23669.0 crore.

The net profit for latest quarter stood at Rs 2348.0 crore, up 49.17 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 10.91 per cent stake in the company, while foreign institutional investors held 15.18 per cent and the promoters 0.0 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 3.87 and a price-to-book ratio of 0.42. 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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