SRF rises 1.13% as Sensex slides

Shares of SRF Ltd. traded at Rs 2345.75 on BSE at 10:46AM (IST) on Wednesday, up 1.13 per cent from previous close.

The scrip quoted a 52-week low price of Rs 2002.5 and a high of Rs 2864.35.

Earlier, the stock saw a gap down opening in the morning.

A total of 4,620 lakh shares changed hands on the counter till 10:46AM (IST).

The stock of SRF Ltd. commanded a market value of Rs 69173.7 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 31.44, while the price-to-book value ratio stood at 9.3. Return on equity (ROE) was at 22.05 per cent, according to exchange data.

In the BSE500 pack, 270 stocks traded in the green, while 231 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.24.

Promotor/FII Holding
Promoters held 50.73 per cent in SRF Ltd. as of 30-Sep-2022 while overseas and domestic institutional investors owned 19.21 per cent and 9.18 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2424.4 on December 21, while the 50-DMA was at 2415.85. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.