Vedanta shares up 0.09% as Nifty drops

NEW DELHI: Shares of Vedanta Ltd. traded 0.09 per cent up in Wednesday's trade at 10:05AM (IST). Around 77,092 shares changed hands on the counter.

The scrip opened at Rs 329.7 and touched an intraday high and low of Rs 332.65 and Rs 329.25, 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 123280.91 crore at the time of writing this report.

Key Financials
The company reported consolidated 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 corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 2.1 per cent stake in the company, 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 price-to-earnings multiple of 7.61 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.