SRF shares rise 0.75 per cent in Friday's trading session
SRF Ltd. rose 0.75 per cent to Rs 2371.85 in Friday's trade as of 11:52AM (IST) even as the benchmark Nifty ruled at 19762.7, down 2.5 points.
The scrip had closed at Rs 2354.3 in the previous session.
The stock quoted a 52-week low of Rs 2050.0 and a high of Rs 2636.65. The company quoted a market-cap of Rs 70303.08 crore on the BSE.
On BSE, 10,132 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 40.56 times its trailing 12-month EPS of Rs 58.48 per share and 6.93 times its book value. The return on equity (ROE) stood at Rs 20.93.
Key Financials For the quarter ended 30-Sep-2023, SRF Ltd.
reported consolidated sales of Rs 3206.48 crore, down 14.73 per cent from the same quarter a year ago. The company reported 37.47 per cent YoY de-growth in net profit at Rs 300.78 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Friday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
