The shares of Vedanta, a leading company in the mining and metal sector, have performed very well in recent times. On the basis of the continuous rise, Vedanta has managed to register its name among the best multibaggers of this year.
Prices 10% below the high level
Vedanta’s stock is in loss in today’s trading. In the initial session, Vedanta’s stock was trading 0.52 percent down at Rs 457. This stock is well below its 52-week high. Vedanta’s 52-week high is Rs 506.75. This means that the current price of the stock is about 10 percent lower than its high level.
This is how the stock became a multibagger
However, this stock has performed brilliantly in the past. As per the last 5 days, the stock is in profit of about 6.5 percent. As per one month, the stock is strong by about 5 percent. But the stock has given multibagger returns in the last 5 months.
Gave 120 percent return in 5 months
Vedanta’s stock was at its 52-week low about 5 months ago. At that time, the stock had fallen to Rs 208. Compared to the 52-week low, Vedanta’s stock is currently at a profit of about 120 percent. This means that the investors who bought Vedanta’s stock in March have more than doubled their money now.
Vedanta stock had hit its 52-week high in May 2024. Although the stock is down about 10 per cent from its highs, it is trading above the 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day moving averages. The stock has a PE ratio of 32.96, while the dividend yield is 3.28 per cent. The current market capitalisation of Vedanta is Rs 1.78 lakh crore.
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Also read: 5 new shares of Vedanta will be launched in the stock market, creditors have given green signal to the demerger plan
