Vedanta stock price: Vedanta stock drops 0.45% as Nifty falls

NEW DELHI: Shares of Vedanta Ltd. traded down 0.45% in Wednesday’s trading at 1:18 p.m. (IST). Approximately 267,691 shares changed hands over the counter.

The stock opened at Rs 415.65 and touched an intraday high and low of Rs 421.4 and Rs 415.0, respectively, during the session so far. Shares of Vedanta Ltd. cited a 52-week high of Rs 425.0 and a 52-week low of Rs 209.8.

The total market capitalization of Vedanta Ltd. stood at Rs 154,672.65 crore at the time of writing.

Key financial data

The company reported consolidated net sales of Rs 34,674.0 crore for the quarter ended December 31, 2021, up 11.59% from Rs 31,074.0 crore in the previous quarter and up 46.79% from from Rs 23,621.0 crore in the prior year quarter.

Net profit for the last quarter stood at Rs 4164.0 crore, up 26.22% 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 7.96 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 segment.

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