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Vedanta drops on profit booking

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Capital Market
Last Updated : Oct 13 2015 | 11:02 AM IST

Vedanta lost 2.48% to Rs 108.10 at 09:43 IST on BSE, on profit booking after surging 32.67% in preceding six trading days.

Meanwhile, the BSE Sensex was down 86.92 points, or 0.32%, to 26,817.19

On BSE, so far 4.82 lakh shares were traded in the counter, compared with an average volume of 12.21 lakh shares in the past one quarter.

The stock hit a high of Rs 109.70 and a low of Rs 107.10 so far during the day. The stock hit a 52-week high of Rs 263.55 on 5 November 2014. The stock hit a 52-week low of Rs 76.70 on 25 August 2015.

The large-cap company has an equity capital of Rs 296.47 crore. Face value per share is Re 1.

Shares of Vedanta were on a roll recently, surging 32.67% in preceding six trading days to settle at Rs 110.85 yesterday, 12 October 2015 from a recent low of Rs 83.55 on 1 October 2015.

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On a consolidated basis, Vedanta's net profit rose 130.6% to Rs 865.94 crore on 0.6% decline in net sales to Rs 16951.88 crore in Q1 June 2015 over Q1 June 2014.

Vedanta (formerly Sesa Sterlite) is a diversified natural resources company. The company produces zinc, lead, silver, copper, iron ore and aluminium.

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First Published: Oct 13 2015 | 9:55 AM IST

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