SRF shares up 0.13% as Sensex rises
SRF Ltd. gained 0.13 per cent to Rs 2396.95 in Thursday's session as of 01:24PM (IST) even as the equity benchmark Sensex traded 53.87 points higher at 67520.86.
Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 2864.35 and a 52-week low of Rs 2050.0 on NSE. Around 7566 shares changed hands on the counter till 01:24PM (IST).
The stock opened at Rs 2389.0 and has touched an intraday high and low of Rs 2414.95 and Rs 2377.3 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 37.16, earnings per share (EPS) of Rs 64.56 and price to book value (PB) of 6.93, while the return on equity (ROE) stood at Rs 20.93.
Promoter/ FII Holding
The promoters held 50.53 per cent stake in the company as of September 14, while FII and MF ownerships stood at 20.04 per cent and 7.29 per cent, respectively.
Key Financials With a market capitalisation of Rs 71101.94 crore, the company operates in the Diversified industry. 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 same quarter a year ago.
The company reported net profit of Rs 359.29 crore for the latest quarter, down 40.91 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 57.68. The RSI oscillates between zero and 100.
Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
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