SRF shares gain 0.28% as Sensex falls
SRF Ltd. traded 0.28 per cent higher in Thursday's session at 12:08PM (IST).
The stock opened at Rs 2309.6 and has touched an intraday high and low of Rs 2312.5 and Rs 2290.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 2864.35 and a 52-week low of 2050.0.
About 3,398 shares changed hands on the counter so far. Benchmark Nifty50 was down 55.05 points at 19577.5, while the BSE Sensex traded 199.86 points lower at 65795.95 at the time of writing of this report.
In the Nifty pack, 16 stocks traded the day in the green, while 33 were in the red.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 3350.14 crore, down 11.85 per cent from the previous quarter's Rs 3800.42 crore and down 14.2 per cent from the year-ago quarter. The company reported net profit of Rs 359.29 crore for the latest quarter.Promoter Holdings Promoters held 50.53 per cent stake in the company as of 30-Jun-2023, while FIIs held 20.04 per cent and MFs 7.29 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2341.2 on August 10, while the 50-DMA was at Rs 2300.49.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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