Shares of Vedanta Ltd. traded 0.83 per cent higher in Thursday's session at 10:47AM (IST). The stock opened at Rs 194.5 and has touched an intraday high and low of Rs 196.7 and Rs 193.75, respectively, during the session so far.
The stock quoted a 52-week high of Rs 196.7 and a 52-week low of 60.3. About 268,876 shares changed hands on the counter so far.
Benchmark Nifty50 was up 18.9 points at 15227.80, while the BSE Sensex traded 15.02 points higher at 51718.85 at the time of writing of this report.
In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.
Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 23621.0 crore, up 8.63 per cent from the previous quarter's Rs 21744.0 crore and up 7.33 per cent from the year-ago quarter. The company reported net profit of Rs 3299.0 crore for the latest quarter.
Promoter Holdings
Promoters held 0.0 per cent stake in the company as of 31-Dec-2020, while FIIs held 16.06 per cent and MFs 5.56 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 126.13 on February 18, while the 50-DMA was at Rs 167.81. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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