Share price of SRF jumps as Sensex drops 253.44 points
SRF Ltd. gained 0.59 per cent to Rs 2349.45 at 12:27PM (IST) in Tuesday's trade. The scrip hit a high of Rs 2349.45 and low of Rs 2322.8 so far during the session.
The stock had closed at Rs 2335.6 in the previous session.
The counter had a total traded volume of 12:27PM shares so far with a turnover of Rs 1.36 crore on BSE. The stock traded at a price-to-earnings multiple of 40.18 and a price-to-book ratio of 6.93.
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.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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 FIIs and domestic institutional investors ownership stood at 19.8 per cent and 13.97 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 3206.48 crore for the quarter ended 30-Sep-2023, down 4.29 per cent from the previous quarter's Rs 3350.14 crore and down 14.73 per cent from the year-ago quarter's Rs 3760.52 crore.
