Trending stocks: Vedanta shares climb nearly 3%

A total of 443,340 shares changed hands on the counter till 10:47AM (IST).

Agencies
Total market cap of the Vedanta Ltd. stood at Rs 42171.6 crore at the time of writing this report. 
NEW DELHI: Shares of Vedanta Ltd. traded 2.99 per cent up in Thursday's trade at 10:47AM (IST). Around 443,340 shares changed hands on the counter.

The scrip opened at Rs 112.0 and touched an intraday high and low of Rs 114.1 and Rs 111.7, respectively, in the session so far. Shares of the company of Vedanta Ltd. quoted a 52-week high of Rs 175.6 and a 52-week low of Rs 60.3.

Total market cap of the Vedanta Ltd. stood at Rs 42171.6 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 19513.0 crore for the quarter ended 31-Mar-2020, down 7.64 per cent from previous quarter's Rs 21126.0 crore and down 15.5 per cent from the year-ago quarter's Rs 23092.0 crore.


Shareholding pattern
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As of 31-Mar-2020, domestic institutional investors held 10.91 per cent stake in the company, while foreign institutional investors held 15.18 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -6.33 and a price-to-book ratio of 0.59. 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 is the measure of the price that investors are ready to pay even for no growth in the business.

Vedanta Ltd. belongs to the Diversified industry.
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