Vedanta stock price down 0.74 per cent as Sensex slides

Shares of . fell 0.74 per cent to Rs 300.6 at 01:13PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 249,841 shares with a turnover of Rs 7.45 crore till 01:13PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 5.94, while the price-to-book value ratio stood at 2.3.

Return on equity (ROE) was at 28.75 per cent, according to exchange data. The stock hit an intraday high of Rs 303.25 and a low of Rs 294.8 during the session and quoted a 52-week high price of Rs 440.75 and a 52-week low of Rs 242.6.

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 342.97 on June 10, while the 50-DMA was at Rs 363.58. 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 36.38. 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 31-Mar-2022, promoters held 69.69 per cent stake in the company, while FIIs held 18.48 per cent and domestic institutional investors had 2.49 per cent.

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