The Economic Times daily newspaper is available online now.

    SRF shares fall 0.95 per cent in Thursday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 41.77 on Thursday.

    tech view 2Shutterstock.com
    RSI has turned north from the 60 level, confirming bullishness.
    Shares of SRF Ltd. fell 0.95 per cent to Rs 2448.0 in Thursday's trade as of 12:25PM (IST) even as the benchmark Nifty ruled at 18202.05, up 20.3 points.

    The scrip had closed at Rs 2471.4 in the previous session. The stock quoted a 52-week low of Rs 2002.5 and a high of Rs 2864.35. The company quoted a market-cap of Rs 72678.92 crore on the BSE.

    On BSE, 5,241 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 33.61 times its trailing 12-month EPS of Rs 72.95 per share and 9.3 times its book value. The return on equity (ROE) stood at Rs 21.86.

    Key Financials
    For the quarter ended 31-Mar-2023, SRF Ltd. reported consolidated sales of Rs 3800.42 crore, up 6.85 per cent from the same quarter a year ago. The company reported 7.13 per cent YoY de-growth in net profit at Rs 562.45 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



    (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


    (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
    The Economic Times

    Stories you might be interested in