Trending stocks: Vedanta shares trade flat in early session

NEW DELHI: Shares of Vedanta Ltd. traded 0.23 per cent down in Tuesday's trade at 10:29AM (IST). Around 118,465 shares changed hands on the counter.

The scrip opened at Rs 108.1 and touched an intraday high and low of Rs 110.3 and Rs 107.65, respectively, in the session so far. The stock of Vedanta Ltd. quoted a 52-week high of Rs 177.9 and a 52-week low of Rs 60.3.

Total market cap of the Vedanta Ltd. stood at Rs 40164.31 crore at the time of writing this report.


Key Financials
The company reported consolidated 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
As of 31-Mar-2020, DIIs 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 P/E multiple of -6.03 and a price-to-book ratio of 0.56. 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.