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    Vedanta shares rise 1.33 per cent in Thursday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 52.88 on Thursday.

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of Vedanta Ltd. rose 1.33 per cent to Rs 252.15 in Thursday's trade as of 10:15AM (IST) even as the benchmark Nifty ruled at 17428.75, up 40.6 points.

    The scrip had closed at Rs 248.85 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 93896.45 crore on the BSE.

    On BSE, 110,553 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 4.94 times its trailing 12-month EPS of Rs 51.11 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-Jun-2022, Vedanta Ltd. reported consolidated sales of Rs 39355.0 crore, down 35.0 per cent from the same quarter a year ago. The company reported 4.66 per cent YoY growth in net profit at Rs 4421.0 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Thursday. 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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