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    Vedanta declines 1.49% as Sensex slides

    Synopsis

    The stock traded at a P/E multiple of 4.83, while the price-to-book value ratio stood at 2.3.

    A man walks past the Bombay Stock Exchange (BSE) building in MumbaiReuters
    Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more..
    Shares of Vedanta Ltd. traded at Rs 248.7 on BSE at 12:58PM (IST) on Wednesday, down 1.49 per cent from previous close.

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

    Earlier, shares of the company saw a gap down opening in the morning.

    A total of 256,054 lakh shares changed hands on the counter till 12:58PM (IST).

    The stock of Vedanta Ltd. commanded a market value of Rs 91777.64 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 4.83, while the price-to-book value ratio stood at 2.3. Return on equity (ROE) was at 28.75 per cent, according to exchange data.

    In the BSE500 pack, 129 stocks traded in the green, while 372 stocks were in the red.

    The stock's beta value, which measures volatility in relation to the broader market, stood at 1.4.

    Promotor/FII Holding
    Promoters held 0.0 per cent in Vedanta Ltd. as of 31-Mar-2022 while foreign and domestic institutional investors owned 8.68 per cent and 2.1 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 331.99 on August 03, while the 50-DMA was at 258.31. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.



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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
    The Economic Times

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