Market

Vedanta shares rise 0.61% as Nifty gains

Shares of Ltd. traded 0.61 per cent up at Rs 272.9 on Monday at around 11:27AM (IST), while the benchmark BSE Sensex advanced 259.68 points to 52645.87.

As many as 638,962 shares changed hands on the counter with a total value of Rs 17.38 crore.

The stock quoted a 52-week high price of Rs 296.25 and a 52-week low of Rs 91.25.

On the technical charts, the 200-DMA of the stock stood at Rs 191.56, while 50-DMA was at Rs 270.02. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 147.49 per cent in the past one year, while Sensex has risen 43.53 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 8.74 and a price-to-book ratio of 0.44. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button