Trending stocks: Vedanta shares gain 10% in early trade

Shares of Vedanta Ltd. traded 9.97 per cent up in trade at 09:27AM on Wednesday .

Reuters

The stock quoted a 52-week high of Rs 180.0 and a 52-week low of Rs 60.2 . 

NEW DELHI: Shares of Vedanta traded 9.97 per cent up in Wednesday 's trade at 09:27AM (IST). Around 631853 shares changed hands on the counter. The stock opened at Rs 98.2 and touched an intraday high and low of Rs 98.2 and Rs 98.2 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 180.0 and a 52-week low of Rs 60.2 .

Mining major Vedanta's promoter Anil Agarwal is set to take the company private. In a late evening stock exchange filing, the company announced the decision by its parent Vedanta Resources, promoted by the billionaire.


Financials

Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 33101.64 Crore) operating in Diversified sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 21126.00 Crore, down -2.82 % from last quarter Sales of Rs 21739.00 Crore and down -10.74 % from last year same quarter Sales of Rs 23669.00 Crore. The Company reported net profit after tax of Rs 2665.00 Crore in latest quarter.

Vedanta Ltd. key Products/Revenue Segments include Aluminium which contributed Rs 21000.00 Crore to Sales Value (54.34 % of Total Sales), Oil & Gas which contributed Rs 7104.00 Crore to Sales Value (18.38 % of Total Sales), Copper which contributed Rs 6833.00 Crore to Sales Value (17.68 % of Total Sales), Iron Ore which contributed Rs 2909.00 Crore to Sales Value (7.52 % of Total Sales), Export Incentives which contributed Rs 322.00 Crore to Sales Value (0.83 % of Total Sales), Power which contributed Rs 252.00 Crore to Sales Value (0.65 % of Total Sales), Other Operating Revenue which contributed Rs 137.00 Crore to Sales Value (0.35 % of Total Sales), Scrap which contributed Rs 87.00 Crore to Sales Value (0.22 % of Total Sales)for the year ending 31-Mar-2019.
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Promoter holding
Promoters held 0.0 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 3.91 and price to book value of 0.43 .
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