Wednesday, September 18, 2024
26 C
Surat
26 C
Surat
Wednesday, September 18, 2024

Shares of Vedanta rose 0.61 percent in Tuesday’s trading session

Must read

Shares of Vedanta Ltd rose 0.61 percent to Rs. 445.25.

In the previous session, the scrip was Rs. It closed at 442.55. Share Rs. 207.85 to 52 week low and Rs. A high of 506.85 was quoted. The company listed on BSE at Rs. A market-cap of 174012.27 crores was quoted.

On BSE, 196,299 shares have changed hands on the counter so far. At its current price, the stock has a trailing 12-month EPS of Rs. 13.31 per share and traded at 33.43 times its book value of 3.29 times. Return on Equity (ROE) Rs. was 13.79.

Chief Financial Officer

For the quarter ended 30-Jun-2024, Vedanta Ltd. reported Rs. 36698.0 crore, which was 7.06 percent higher than the same quarter a year ago. The company reported 36.59 percent year-on-year growth in net profit in the latest quarter at Rs. 3606.0 crores.

Technical indicators

The relative strength index (RSI) of the stock remained unchanged on Tuesday. RSI oscillates between zero and 100. Conventionally, an overbought condition is considered when the RSI value is above 70 and when it is below 30.

Analysts say that the RSI indicator should not be viewed in isolation, as it may not be sufficient to make a trading call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

(You can now subscribe to our ETMarkets WhatsApp channel)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article