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    Vedanta shares rise 1.03 per cent in Friday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 57.45 on Friday.

    Tech View
    Analysts see 15,900 to continue to pose as the immediate resistance.
    Shares of Vedanta Ltd. rose 1.03 per cent to Rs 319.6 in Friday's trade as of 10:31AM (IST) even as the benchmark Nifty ruled at 17798.1, down 60.1 points.

    The scrip had closed at Rs 316.35 in the previous session. The stock quoted a 52-week low of Rs 206.1 and a high of Rs 440.75. The company quoted a market-cap of Rs 118801.68 crore on the BSE.

    On BSE, 131,360 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 7.34 times its trailing 12-month EPS of Rs 43.56 per share and 2.3 times its book value. The return on equity (ROE) stood at Rs 28.75.

    Key Financials
    For the quarter ended 30-Sep-2022, Vedanta Ltd. reported consolidated sales of Rs 37351.0 crore, down 20.2 per cent from the same quarter a year ago. The company reported 60.82 per cent YoY de-growth in net profit at Rs 1808.0 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



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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
    The Economic Times

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