VEDANTA LTD Plunges by 5%; BSE 500 Index Down 0.6%
February 8, 2019 02:22 PM

VEDANTA LTD share price has plunged 5% and is presently trading at Rs 163.

Meanwhile, the BSE 500 Index is at 14,480 (down 0.6%).

Among the top losers in the BSE 500 Index today are VEDANTA LTD (down 5.0%) and SHILPA MEDICARE (down 5.4%).

RELIANCE CAPITAL (up 15.5%) and RELIANCE POWER (up 10.1%) are among the top gainers today.

Over the last one year, VEDANTA LTD has moved down from Rs 315 to Rs 163, registering a loss of Rs 153 (down 48.5%)..

The BSE 500 has moved down from 14,562 to 14,480, loss of 82 points (down 0.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORG. (up 91.7%), V-MART RETAIL (up 85.0%) and BATA INDIA (up 72.0%).

What About the Benchmark Indices?

The BSE Sensex is at 36,886 (down 0.5%). The top gainers among the BSE Sensex stocks today are KOTAK MAH. BANK (up 1.8%). The most traded stocks in the BSE Sensex are M&M and INFOSYS LTD.

In the meantime, NSE Nifty is at 11,041 (down 0.7%). BHARTI INFRATEL (up 6.3%) and KOTAK MAH. BANK (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,083 to 36,886, registering a gain of 2,803 points (up 7.9%).

VEDANTA LTD Financial Update...

VEDANTA LTD net profit down at Rs 23 billion for the quarter ended December 2018, compared to a loss of Rs 30 billion a year ago. Net Sales declined 2.8% to Rs 236.7 billion during the period as against Rs 243.6 billion in October-December 2017.

For the year ended March 2018, VEDANTA LTD reported 5.6% decrease in net profit to Rs 108.0 billion compared to net profit of Rs 114.3 billion during FY17.

Revenue of the company grew 22.0% to Rs 929 billion during FY18.

The current Price to earnings ratio of VEDANTA LTD, based on rolling 12 month earnings, stands at 3.8x.