SRF rises 1.45% as Sensex climbs
SRF Ltd. traded at Rs 2287.5 on BSE at 12:02PM (IST) on Wednesday, up 1.45 per cent from previous close.
Want to take exposure to a sector which grows much faster than GDP
The scrip quoted a 52-week low price of Rs 2050.0 and a high of Rs 2636.65.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 7,473 lakh shares changed hands on the counter till 12:02PM (IST).
The stock of SRF Ltd. commanded a market value of Rs 68026.53 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 39.24, while the price-to-book value ratio stood at 6.93. Return on equity (ROE) was at 20.93 per cent, according to exchange data.
In the BSE500 pack, 356 stocks traded in the green, while 144 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 1.24.
Promotor/FII Holding Promoters held 50.53 per cent in SRF Ltd. as of 31-Dec-2023 while foreign portfolio investors and domestic institutional investors owned 19.6 per cent and 7.81 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 2356.94 on January 24, while the 50-DMA was at 2389.24. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
