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    Vedanta shares gain 0.24% as Sensex rises

    Synopsis

    A total of 377,098 shares changed hands on the counter till 11:12AM (IST)

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    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of Vedanta Ltd. traded 0.24 per cent up at Rs 333.4 at 11:12AM (IST) on Wednesday, even as BSE benchmark Sensex gained 539.8 points to 60089.7. The stock had closed at Rs 332.6 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 440.75 and Rs 206.1, respectively.

    As per BSE data, total traded volume on the counter till 11:12AM (IST) stood at 11:12AM shares with turnover at Rs 12.67 crore.

    At the current price, the stock trades at 8.6 times its trailing 12-month earnings per share of Rs 38.99 per share and 2.3 times its price-to-book value, BSE data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

    The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.4.

    Shareholding Details
    Promoters held 69.69 per cent stake in the company as of 31-Dec-2022, while FIIs owned 7.9 per cent and DIIs 11.04 per cent.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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