Trending stocks: Vedanta stock price gains 1%

NEW DELHI: Shares of Vedanta Ltd. traded 0.95 per cent up in Friday 's trade at 10:54AM (IST). Around 214793 shares changed hands on the counter.

The scrip opened at Rs 80.8 and touched an intraday high and low of Rs 80.8 and Rs 79.15 , 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 29514.54 crore on May 08


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 price-to-earnings multiple of 3.48 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.