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    SRF shares up 0.26% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 1975.0.

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of SRF Ltd. rose 0.26 per cent to Rs 2294.75 in Wednesday's trade. It hit an intraday high of Rs 2303.05 and low of Rs 2277.4, respectively, during the day.

    The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 1975.0.

    As of 01:05PM (IST), the counter saw total traded volume of 5,239 shares with a traded value of Rs 1.19 crore, according to NSE.

    The stock had closed at Rs 2288.75 in the previous session.

    The scrip has declined -9.57 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.79 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 30.86 while price-to-book ratio stood at 9.3. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Diversified industry.

    Promoter/FII Holding
    Promoters held 50.73 per cent stake in the company as of 30-Sep-2022, while FII and MF ownership in the firm stood at 19.21 per cent and 9.18 per cent, respectively.

    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 the previous quarter's Rs 3904.57 crore and down 31.94 per cent from the year-ago quarter's Rs 2850.09 crore. Its net profit for the latest quarter stood at Rs 480.99 crore, up 25.77 per cent from the same quarter a year ago.



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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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