Share price of SRF falls as Nifty weakens
SRF Ltd. slipped 1.6 per cent to Rs 2397.45 in Tuesday's trade as of 10:30AM (IST). The stock hit a high price of Rs 2450.0 and low of Rs 2390.1 during the session.
The return on equity (ROE) for the stock stood at 20.93 per cent.
Traded volume on the counter stood at 10:30AM shares and turnover at Rs 1.08 crore around that time. The stock of SRF Ltd. quoted a 52-week high price of Rs 2864.35 and 52-week low prices of Rs 2050.0, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.24.
Promotor/FII Holding Promoters held 50.53 per cent stake in the company as of 30-Jun-2023, while overseas investors held 20.03 per cent and domestic institutional investors had 7.29 per cent.
Key Financials The company reported consolidated sales of Rs 3350.14 crore for the quarter ended 30-Jun-2023, down 11.85 per cent from previous quarter's Rs 3800.42 crore and down 14.2 per cent from the year-ago quarter's Rs 3904.57 crore.
Net profit after tax for the latest quarter stood at Rs 359.29 crore, down 40.91 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
