Trending stocks: Vedanta shares gain over 3%

NEW DELHI: Shares of Vedanta traded 3.3 per cent up in Monday 's trade at 10:26AM (IST). Around 318598 shares changed hands on the counter.

The stock opened at Rs 78.35 and touched an intraday high and low of Rs 80.45 and Rs 78.15 , respectively, in the session so far. The stock quoted a 52-week high of Rs 179.95 and a 52-week low of Rs 60.3 .

Market cap of the company stood at Rs 29588.89 crore on May 11


Key Financials
The company reported consolidated net sales of Rs 21126.0 crore for the quarter ended 31-Dec-2019 , down -2.82 per cent from previous quarter's Rs 21739.0 crore and down -10.74 per cent from the year-ago quarter's Rs 23669.0 crore.

Bottomline for the latest quarter stood at Rs 2348.0 crore, up 49.17 per cent from the same quarter a year ago .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 7.54 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 P/E multiple of 3.49 and a price-to-book ratio of 0.38 . 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.