Shares of Vedanta Ltd. rose 4.28 per cent to Rs 373.0 at 11:06AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 249,384 shares with a turnover of Rs 9.13 crore till 11:06AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 7.05, while the price-to-book value ratio stood at 1.37.
Return on equity (ROE) was at 18.62 per cent, according to exchange data. The stock hit an intraday high of Rs 373.45 and a low of Rs 359.45 during the session and quoted a 52-week high price of Rs 400.95 and a 52-week low of Rs 209.8.
The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.4.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 316.77 on March 16, while the 50-DMA was at Rs 352.71. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 52.55. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Dec-2021, promoters held 69.69 per cent stake in the company, while FIIs held 17.69 per cent and domestic institutional investors had 1.81 per cent.
(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.