SRF shares down 2.6% as Nifty drops

economictimes.indiatimes.com:

SRF Ltd. traded 2.6 per cent down in Friday's trade at 12:07PM (IST). Around 11,747 shares changed hands on the counter.
The counter opened at Rs 2572.55 and touched an intraday high and low of Rs 2617.5 and Rs 2554.25, respectively, in the session so far. The stock of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2081.25.

Total market cap of the SRF Ltd. stood at Rs 75951.45 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 3489.38 crore for the quarter ended 30-Jun-2024, down 2.89 per cent from previous quarter's Rs 3593.13 crore and down 4.16 per cent from the year-ago quarter's Rs 3350.14 crore.
The net profit for latest quarter stood at Rs 252.22 crore, down 29.8 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 8.44 per cent stake in the company, while foreign institutional investors held 18.76 per cent and the promoters 50.26 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 61.82 and a price-to-book ratio of 6.63. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.