Vedanta Limited, a prominent player in the mining and metals sector, has seen notable fluctuations in its share price as of September 25, 2024. The current trading price is reported at ₹470.20, reflecting a 3.78% increase from the previous closing price of ₹453.10 on September 24, 2024. This uptick comes amid a backdrop of mixed market conditions, with the broader indices showing varied performance.
Main Points
The share price of Vedanta has been subject to various influences, including market sentiment and company-specific developments. As of the latest updates:
- Current Price: ₹470.20
- Previous Close: ₹453.10
- Day’s Range: ₹445 – ₹458
- 52-Week Range: ₹208 – ₹506.75
- Market Capitalization: Approximately ₹175,961 Crores.
Vedanta’s stock performance over recent periods has shown resilience despite challenges:
- 1-Day Change: +3.78%
- 1-Week Change: +1.82%
- 1-Month Change: +1.58%
- 1-Year Change: +90.17%
- 3-Year Change: +48.92%.
The stock’s performance relative to the Nifty 100 index indicates that it has outperformed the benchmark slightly over the past three years, with returns of 48.92% compared to the Nifty’s 48.18%.
From a technical perspective, Vedanta’s stock is currently positioned favorably:
- The stock recently experienced a 10-day moving average crossover, which historically has led to an average gain of 4.29% within seven days following such signals over the past five years.
- The stock is trading above its 200-day moving average by approximately 23%, suggesting a bullish trend in the long term.
Investors often look at specific financial ratios to gauge the health and performance potential of a company:
| Metric | Value |
|---|---|
| P/E Ratio | 33.79 |
| EPS (TTM) | ₹13.31 |
| Dividend Yield | 6.56% |
| PB Ratio | 4.17 |
| ROE | 10.42% |
| Debt to Equity | 165% |
The high debt-to-equity ratio may raise concerns among investors regarding financial stability, especially in a volatile market environment.
Trading volume can provide insights into investor interest and market dynamics:
- Today’s Volume: Approximately 29,482,005 shares traded.
- Average Volume (Last Week): Approximately 13,183,564 shares.
- The delivery volume percentage stands at about 54.46%, indicating significant investor commitment to holding shares rather than speculative trading.
Future Expectations
Looking ahead, analysts are cautiously optimistic about Vedanta’s potential for growth:
- Market Sentiment: Positive sentiment in the mining sector could bolster Vedanta’s stock price further.
- Technical Indicators: Continued bullish signals from technical indicators may attract more buyers.
- Company Developments: Any announcements regarding strategic expansions or operational improvements will be crucial for future performance.
