Friday, February 1, 2019

Muted numbers pull down Vedanta Stock

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Vedanta shares have lost more than 15% in the morning trade. As of now the stock is trading around Rs 165.

The company for Dec quarter posted a 22 per cent drop in year-on-year profit at Rs 2,332 crore. 

The company had reported Rs 2,989 crore profit in the corresponding quarter last year. 

Net sales fell 3 per cent to Rs 23,669 crore for the quarter compared with Rs 24,361 crore a year ago. 

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