Share price of Vedanta falls as Nifty weakens
Synopsis
A total of 228,728 shares changed hands on the counter till 11:21AM (IST).
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.4.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while FIIs held 8.78 per cent and domestic institutional investors had 3.55 per cent.
Key Financials
The company reported consolidated sales of Rs 36093.0 crore for the quarter ended 31-Mar-2024, down 0.63 per cent from previous quarter's Rs 36320.0 crore and down 6.58 per cent from the year-ago quarter's Rs 38635.0 crore. Net profit after tax for the latest quarter stood at Rs 1369.0 crore, down 27.22 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
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