VEDANTA LTD Plunges by 10%; BSE 500 Index Down 3.1%
February 28, 2020 12:04 PM

VEDANTA LTD share price has plunged 10% and is presently trading at Rs 126.

Meanwhile, the BSE 500 Index is at 14,957 (down 3.1%).

Among the top losers in the BSE 500 Index today are VEDANTA LTD (down 10.0%) and INDIA TOURISM DEV. (down 10.9%).

DHFL (up 5.0%) and GAYATRI PROJECTS (up 4.8%) are among the top gainers today.

Over the last one year, VEDANTA LTD has moved down from Rs 165 to Rs 126, registering a loss of Rs 39 (down 23.5%)..

The BSE 500 has moved up from 14,173 to 14,957, registering a gain of 784 points (up 5.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 371.6%), NAVIN FLUORINE (up 137.6%) and ICICI SECURITIES LTD (up 136.9%).

What About the Benchmark Indices?

The BSE Sensex is at 39,087 (down 3.0%).

In the meantime, NSE Nifty is at 11,385 (down 3.0%).

Over the last 12 months, the BSE Sensex has moved up from 35,905 to 39,087, registering a gain of 3,182 points (up 7.4%).

VEDANTA LTD Financial Update...

VEDANTA LTD net profit stood at Rs 27 billion for the quarter ended December 2019, compared to a profit of Rs 23 billion a year ago. Net Sales declined 9.8% to Rs 213.6 billion during the period as against Rs 236.7 billion in October-December 2018.

For the year ended March 2019, VEDANTA LTD reported 13.1% decrease in net profit to Rs 93.8 billion compared to net profit of Rs 108.0 billion during FY18.

Revenue of the company grew 0.9% to Rs 920 billion during FY19.

The current Price to earnings ratio of VEDANTA LTD, based on rolling 12 month earnings, stands at 3.3x.