VEDANTA LTD Plunges by 7%; BSE 500 Index Down 5.2%
March 13, 2020 10:29 AM

VEDANTA LTD share price has plunged 7% and is presently trading at Rs 76.

Meanwhile, the BSE 500 Index is at 11,966 (down 5.2%).

Among the top losers in the BSE 500 Index today are VEDANTA LTD (down 7.3%) and MAH. SCOOTERS (down 14.3%).

TATA COFFEE (up 18.6%) and MINDA CORPORATION (up 12.2%) are among the top gainers today.

Over the last one year, VEDANTA LTD has moved down from Rs 178 to Rs 76, registering a loss of Rs 102 (down 57.4%)..

The BSE 500 has moved down from 14,949 to 11,966, loss of 2,983 points (down 20.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 201.9%), ABBOTT INDIA (up 82.9%) and NAVIN FLUORINE (up 81.2%).

What About the Benchmark Indices?

The BSE Sensex is at 31,447 (down 4.7%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 4.1%), SUN PHARMA (up 2.0%) and ULTRATECH CEMENT (up 0.3%). The most traded stocks in the BSE Sensex are SUN PHARMA and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 9,167 (down 5.0%). YES BANK (up 2.8%) and SUN PHARMA (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,447, registering a loss of 6,089 points (down 16.82%).

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 2.1x.