A stock in the metal sector has surged 145.45% in the last year, closing at ₹513.00 on September 27, 2024, on the National Stock Exchange (NSE).
Vedanta Ltd (NSE: VEDL), with a market capitalization of ₹1,99,625 crore, has outpaced both the sector’s return of 78.03% and the overall market return of 32.78%.
Shareholding Patterns (July 2024 vs. June 2024):
- Promoters: Reduced their holdings from 59.32% to 56.38%, a decrease of 2.94%.
- Foreign Institutional Investors (FIIs): Increased from 10.23% to 12.61%, an increase of 2.38%.
- Mutual Funds: Rose slightly from 5.34% to 6.72%, an increase of 1.38%.
- Insurance Companies: Decreased their stake from 9.29% to 8.48%, down by 0.81%.
- Other Domestic Institutional Investors (DIIs): Increased from 0.23% to 0.71%, up 0.48%.
- Non-Institutional Investors: Slight decrease from 15.60% to 15.09%, down 0.51%.
Financial Performance:
- PE Ratio: 48.96
- Price to Book Value: 6.53
- ROE (Latest): 5.50%
- EV to EBIT: 9.28
- EV to EBITDA: 6.67
- ROCE (Latest): 27.72%
Dividend Yield:
- Dividend Yield: 8.76%
Sector Performance
Vedanta’s stock price reflects the broader momentum within the metal sector, driven by global demand and increasing metal prices. Institutional investors, particularly FIIs and mutual funds, have shown increased interest in the stock, contributing to its robust growth.
Disclaimer: This article is for informational purposes only and does not provide financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
