Share price of SRF falls as Sensex gains 324.72 points
SRF Ltd. dropped 0.87 per cent to Rs 2469.0 at 02:00PM (IST) in Wednesday's trade. The counter has hit a high of Rs 2512.0 and low of Rs 2461.1 so far during the session.
The stock had closed at Rs 2490.75 in the previous session.
The counter has had a total traded volume of 10462 shares so far with a value of Rs 2.59 crore on the NSE. It traded at a price-to-earnings multiple of 42.22 and a price-to-book ratio of 6.93.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 6.19 per cent during the past one year, while the 30-share index advanced 17.35 per cent during the same period.
SRF Ltd. belongs to the Diversified industry.
Promotor/FII Holding Promoters held 50.53 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 19.79 per cent and 7.39 per cent, respectively.
