SRF stock price up 2.04 per cent as Sensex climbs

Shares of SRF Ltd. rose 2.04 per cent to Rs 2376.0 at 10:05AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 3,180 shares with a turnover of Rs 0.75 crore till 10:05AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 32.03, 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. The stock hit an intraday high of Rs 2386.4 and a low of Rs 2339.25 during the session and quoted a 52-week high price of Rs 2864.35 and a 52-week low of Rs 2002.5.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2424.81 on December 14, while the 50-DMA was at Rs 2435.04. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 49.69. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Sep-2022, promoters held 50.53 per cent stake in the company, while foreign institutional investors held 19.21 per cent and domestic institutional investors had 13.95 per cent.