Vedanta declines after weak Q3 results

Vedanta was down 2.12% to Rs 332.30 at 10:14 IST on BSE after consolidated net profit fell 8.6% to Rs 2959 crore on 25.5% growth in net sales to Rs 24361 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 31 January 2018.

Meanwhile, the S&P BSE Sensex was up 180.76 points or 0.5% at 36,145.78.

On the BSE, 3.05 lakh shares were traded on the counter so far as against average daily volumes of 6.64 lakh shares in the past one quarter. The stock had hit a high of Rs 341 and a low of Rs 330.55 so far during the day. The stock had hit a 52-week high of Rs 355.70 on 29 January 2018 and a 52-week low of Rs 217.95 on 5 May 2017.

 

The stock had underperformed the market over the past one month till 31 January 2018, gaining 2.96% compared with the Sensex's 5.6% rise. The stock had also underperformed the market over the past one quarter, advancing 2.29% as against the Sensex's 8.29% rise. The scrip had, however, outperformed the market over the past one year, surging 34.11% as against the Sensex's 30.04% rise.

The large-cap company has equity capital of Rs 371.72 crore. Face value per share is Rs 1.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power.

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