The share price of
Vedanta
Ltd. gained 2.76 per cent to Rs 243.45 at 10:15AM (IST) in Thursday's trade. The stock has hit a high of Rs 244.9 and low of Rs 239.0 so far during the session. The stock had closed at Rs 236.9 in the previous session.
The counter has had a total traded volume of 1350048 shares so far with a value of Rs 32.22 crore on the NSE. It traded at a price-to-earnings multiple of -12.27 and a price-to-book ratio of 0.44.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.