Vedanta Shares Tumble Over 5% in Morning Trade on April 4
Mumbai: Shares of mining and resources major Vedanta Ltd (NSE: VEDL) plunged significantly during the morning trading session on Thursday, April 4th. According to stock market data observed around 10:08 AM IST, the Vedanta share price was trading sharply lower at 417.10 INR.
This marks a substantial decline of 22.40 points, translating into a significant loss of 5.10% for the day. The stock opened the session at 436.70 INR, already below its previous closing price of 439.50 INR, and faced intense selling pressure from the outset.
The intraday chart for Vedanta depicted a steep drop immediately after the market opened. The stock recorded an early high of 436.95 INR before tumbling to a low of 414.35 INR. The price showed some minor consolidation after the initial fall but remained significantly lower.
Key financial metrics displayed alongside the sharp price movement include a Market Cap of 1.63 Lakh Crore INR and a Price-to-Earnings (P/E) ratio of 12.46. Notably, the company displayed a very high Dividend Yield of 11.31%.
The current trading level positions Vedanta stock within its 52-week range. Over the past year, the shares have reached a high of 526.95 INR and recorded a low of 301.70 INR, providing context for the day’s significant downturn. Market participants are closely watching the metals and mining sector amid this sharp correction in Vedanta shares.
