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    Share price of SRF falls as Nifty strengthens

    Synopsis

    A total of 5,663 shares changed hands on the counter till 11:22AM (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. slipped 0.54 per cent to Rs 2379.95 in Tuesday's trade as of 11:22AM (IST). The stock hit a high price of Rs 2420.25 and low of Rs 2375.0 during the session.

    The return on equity (ROE) for the stock stood at 22.05 per cent. Traded volume on the counter stood at 11:22AM shares and turnover at Rs 1.36 crore around that time. The stock of SRF Ltd. quoted a 52-week high price of Rs 2864.35 and 52-week low prices of Rs 2002.5, respectively.

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

    Promotor/FII Holding
    Promoters held 50.53 per cent stake in the company as of 31-Dec-2022, while overseas investors held 18.32 per cent and domestic institutional investors had 9.26 per cent.

    Key Financials
    The company reported consolidated sales of Rs 3479.67 crore for the quarter ended 31-Dec-2022, down 7.47 per cent from previous quarter's Rs 3760.52 crore and down 3.67 per cent from the year-ago quarter's Rs 3356.54 crore. Net profit after tax for the latest quarter stood at Rs 510.9 crore, up 1.06 per cent from the same quarter a year ago.

    Technicals
    The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
    It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.



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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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