Vedanta stock price up 0.43 per cent as Sensex climbs

As per data available on BSE, total traded quantity on the counter stood at 198,011 shares with a turnover of Rs 6.26 crore till 10:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 7.91, while the price-to-book value ratio stood at 1.37.

Return on equity (ROE) was at 18.62 per cent, according to exchange data. The stock hit an intraday high of Rs 319.3 and a low of Rs 313.8 during the session and quoted a 52-week high price of Rs 319.45 and a 52-week low of Rs 91.25.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.4.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 203.85 on August 04, while the 50-DMA was at Rs 271.21. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 74.28. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 65.18 per cent stake in the company, while overseas investors held 11.39 per cent and domestic institutional investors had 9.5 per cent.