Vedanta share price up 0.44 per cent

Shares of Vedanta Ltd. traded 0.44 per cent up at Rs 234.45 at around 11:47AM (IST) on Monday. The stock had closed at Rs 233.4 in the previous session. Equity benchmark Sensex traded 247.54 points higher at 65196.2 around the same time. The scrip has declined 10.5 per cent in the last one year till date, while the 30-share index has gained 9.31 per cent during the same period.

The stock’s 52-week high price stood at Rs 340.75 and the 52-week low price at Rs 232.0.

Trading volume on the counter stood at 334,187 shares, while it quoted a price-to-earnings ratio of 9.92, an EPS value of 23.65 and a price-to-book value of 2.59. In the Nifty50 pack, 42 stocks traded in the green, while 8 stocks were in the red.

Promoter/FII Holding
Promoters held 68.11 per cent stake in the company as of 30-Jun-2023, while FII and mutual funds’ ownership stood at 7.48 per cent and 0.25 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 34279.0 crore, down 11.27 per cent from the previous quarter’s Rs 38635.0 crore and down 12.9 per cent from the year-ago quarter’s Rs 39355.0 crore. The company reported net profit of Rs 2640.0 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.