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    SRF shares up 0.88% as Nifty gains

    Synopsis

    A total of 3,845 shares changed hands on the counter till 11:37AM (IST).

    European sharesGetty Images
    Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
    NEW DELHI: Shares of SRF Ltd. traded 0.88 per cent up in Wednesday's trade at 11:37AM (IST). Around 3,845 shares changed hands on the counter.

    The stock opened at Rs 2320.35 and touched an intraday high and low of Rs 2343.95 and Rs 2320.0, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2864.35 and a 52-week low of Rs 1979.65.

    As per BSE, the total market cap of the SRF Ltd. stood at Rs 69480.5 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 3760.52 crore for the quarter ended 30-Sep-2022, down 3.69 per cent from previous quarter's Rs 3904.57 crore and down 31.94 per cent from the year-ago quarter's Rs 2850.09 crore.

    The net profit for latest quarter stood at Rs 480.99 crore, up 25.77 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 30-Sep-2022, DIIs held 9.18 per cent stake in the firm, while foreign institutional investors held 19.21 per cent and the promoters 50.73 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 31.58 and a price-to-book ratio of 9.3. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    SRF Ltd. belongs to the Diversified industry.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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