SRF shares gain 1.23% as Sensex rises
SRF Ltd. traded 1.23 per cent up at Rs 2209.4 at 11:41AM (IST) on Tuesday, even as BSE benchmark Sensex gained 329.85 points to 64112.65.
The scrip had settled at Rs 2182.55 in the previous session.
The stock quoted a 52-week high price of Rs 2639.8 and 52-week low of Rs 2050.0, respectively. As per BSE data, total traded volume on the counter till 11:41AM (IST) stood at 6394 shares with a turnover of Rs 1.4 crore.
At the prevailing price, the stock traded at 37.79 times its trailing 12-month EPS of Rs 58.48 per share and 6.93 times its price-to-book value, BSE 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 1.24.
Shareholding Details
Promoters held 50.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 19.79 per cent and DIIs 7.39 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 46.18. The RSI oscillates between zero and 100.
