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    SRF shares drop 0.3% as Sensex rises

    Synopsis

    A total of 11,184 shares changed hands on the counter till 11:18AM (IST)

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    India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
    Shares of SRF Ltd. traded 0.3 per cent down at Rs 2579.6 at 11:18AM (IST) on Wednesday, even as BSE benchmark Sensex gained 5.51 points to 61766.84. The scrip had settled at Rs 2587.4 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 2864.35 and Rs 2002.5, respectively.

    As per BSE data, total traded volume on the counter till 11:18AM (IST) stood at 11:18AM shares with turnover at Rs 2.89 crore.

    At the prevailing price, the stock trades at 35.3 times its trailing 12-month earnings per share of Rs 72.95 per share and 9.3 times its price-to-book value, the exchange data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

    The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.24.

    Shareholding Details
    Promoters held 50.53 per cent stake in the company as of 31-Mar-2023, while FIIs owned 18.52 per cent and DIIs 14.79 per cent.



    (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 .)

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

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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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