Vedanta shares down 0.75% as Nifty drops

NEW DELHI: Shares of Vedanta Ltd. traded 0.75 per cent down in Monday's trade at 01:53PM (IST). Around 183,076 shares changed hands on the counter.

The stock opened at Rs 320.25 and touched an intraday high and low of Rs 321.0 and Rs 314.55, respectively, in the session so far. The stock of Vedanta Ltd. quoted a 52-week high of Rs 440.75 and a 52-week low of Rs 206.1.

As per BSE, the total market cap of the Vedanta Ltd. stood at Rs 117686.52 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 37351.0 crore for the quarter ended 30-Sep-2022, down 5.09 per cent from previous quarter's Rs 39355.0 crore and down 20.2 per cent from the year-ago quarter's Rs 31074.0 crore.

The net profit for latest quarter stood at Rs 1808.0 crore, down 60.82 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2022, DIIs held 2.1 per cent stake in the firm, while foreign institutional investors held 8.68 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 7.27 and a price-to-book ratio of 2.3. 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.