Vedanta stock price: Vedanta stock rises 6.01% in Monday’s trading session

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The shares of Ltd. rose 6.01 percent to Rs 351.9 in Monday trading at 10:05 am (IST) even as the benchmark Nifty reigned at 18,471.75, up 133.2 points.

The script had closed at Rs 331.95 in the previous session. The stock traded a 52-week low at Rs 91.25 and a high of Rs 359.85. The company listed a market cap of Rs 131,477.25 crore on BSE.

On BSE, 819,040 stocks have changed hands on the counter so far. At its going price, the stock was trading at 8.9 times its 12-month EPS of Rs 39.76 per share and 1.37 times its book value. The return on equity (ROE) stood at Rs 18.62.




Key financial data

For the quarter ended June 30, 2021, Vedanta Ltd. reported consolidated sales of Rs 29,151.0 crore, up 71.5% from the same quarter a year ago. The company reported 308.91% year-on-year growth in net profit to Rs 4,224.0 crore for the last quarter.

Technical indicators

The stock’s relative strength index (RSI) stood at Monday. The RSI fluctuates between zero and 100. Traditionally, it is considered a condition of overbought when the value of the RSI is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be viewed in isolation, as it may not be enough to take a trade call, in the same way that a fundamental analyst cannot give a ‘buy’ or sell recommendation. “sell” using a single valuation ratio.


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