SRF shares 2.91% as Sensex rises
SRF Ltd. traded 2.91 per cent at Rs 2499.25 at 01:24PM (IST) on Wednesday, even as BSE benchmark Sensex 89.34 points to 75927.7.
The scrip had closed at Rs 2574.35 in the previous session. The stock quoted a 52-week high price of Rs 2697.45 and 52-week low of Rs 2088.55, respectively. As per BSE data, total traded volume on the counter till 01:24PM (IST) stood at 1945 shares with a turnover of Rs 0.50 crore.
At the current price, shares of the company traded at 65.37 times its trailing 12-month earnings per share of Rs 38.10 per share and 6.63 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.2428.
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