Vedanta stock price: Vedanta stock drops 3.86% as Nifty drops

NEW DELHI: Shares of Vedanta Ltd. traded down 3.86% in Tuesday’s trading at 1:39 p.m. (IST). Approximately 339,537 shares changed hands over the counter.

The certificate opened at Rs 346.8 and touched an intraday high and low of Rs 348.4 and Rs 339.5, respectively, during the session so far. Shares of Vedanta Ltd. cited a 52-week high of Rs 385.75 and a 52-week low of Rs 191.5.

The total market capitalization of Vedanta Ltd. stood at Rs 126,756.49 crore at the time of writing.

Key financial data

The company reported consolidated net sales of Rs 31,074.0 crore for the quarter ended September 30, 2021, up 6.6% from Rs 29,151.0 crore in the previous quarter and up 42.91% from compared to Rs 21744.0 crore in the prior year quarter.

Net profit for the last quarter stood at Rs 4615.0 crore, up 460.07% from the same quarter a year ago.

Ownership model

As of December 31, 2021, domestic institutional investors held 1.17% of the company’s capital, while foreign institutional investors held 17.69% and promoters 69.69%.

Valuation coefficient

According to BSE data, the stock traded at a price-to-earnings multiple of 5.83 and a price-to-book ratio of 1.37. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.

Vedanta Ltd. belongs to the Diversified sector.

Eleanor C. William