SRF shares gain 0.31% as Sensex falls
SRF Ltd. traded 0.31 per cent higher in Thursday's session at 11:53AM (IST).
The stock opened at Rs 2250.0 and has touched an intraday high and low of Rs 2254.85 and Rs 2236.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 2864.35 and a 52-week low of 2082.15.
About 10,765 shares changed hands on the counter so far. Benchmark Nifty50 was up 6.35 points at 19839.5, while the BSE Sensex traded 24.36 points lower at 67073.08 at the time of writing of this report.
In the Nifty pack, 24 stocks traded the day in the green, while 26 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3800.42 crore, up 9.22 per cent from the previous quarter's Rs 3479.67 crore and up 6.85 per cent from the year-ago quarter. The company reported net profit of Rs 562.45 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 2364.54 on July 20, while the 50-DMA was at Rs 2382.67.
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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