Stock Market Tips- Vedanta shares gain 0.71% as Sensex rises

Shares of Vedanta NSE 0.61 % Ltd. traded 0.71 per cent up at Rs 313.15 at 01:27PM (IST) on Thursday, even as BSE benchmark Sensex gained 274.16 points to 54643.93. The scrip had closed at Rs 310.95 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 319.45 and Rs 91.25, respectively.

As per BSE data, total traded volume on the counter till 01:27PM (IST) stood at 01:27PM shares with turnover at Rs 10.23 crore.

At the prevailing price, the stock trades at 7.89 times its trailing 12-month earnings per share of Rs 39.76 per share and 1.37 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.4.

Shareholding Details
Promoters held 65.18 per cent stake in the company as of 30-Jun-2021, while FIIs owned 11.39 per cent and DIIs 9.5 per cent.

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