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Vedanta Ltd sees sustained selling

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Capital Market

Vedanta Ltd is quoting at Rs 135.25, down 3.36% on the day as on 13:24 IST on the NSE. The stock tumbled 37.03% in last one year as compared to a 6.29% slide in NIFTY and a 34.33% fall in the Nifty Metal index.

Vedanta Ltd is down for a fifth straight session today. The stock is quoting at Rs 135.25, down 3.36% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.59% on the day, quoting at 10853.9. The Sensex is at 36867.62, down 0.52%.Vedanta Ltd has lost around 19.54% in last one month.Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has eased around 19.26% in last one month and is currently quoting at 2283.2, down 1.73% on the day. The volume in the stock stood at 76.83 lakh shares today, compared to the daily average of 126.14 lakh shares in last one month.

 

The benchmark August futures contract for the stock is quoting at Rs 135.3, down 3.22% on the day. Vedanta Ltd tumbled 37.03% in last one year as compared to a 6.29% slide in NIFTY and a 34.33% fall in the Nifty Metal index.

The PE of the stock is 11.61 based on TTM earnings ending June 19.

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First Published: Aug 22 2019 | 1:36 PM IST

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