Share price of SRF rises as Nifty strengthens

Shares of SRF Ltd. gained 1.27 per cent to Rs 2503.9 in Friday's trade as of 11:54AM (IST).

The stock hit a high price of Rs 2503.9 and low of Rs 2472.85 during the session.

The return on equity (ROE) for the stock stood at 21.86 per cent. Traded volume on the counter stood at 11:54AM shares and turnover at Rs 0.73 crore around that time.

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

The Beta value of the counter, 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-Mar-2023, while FIIs held 18.52 per cent and domestic institutional investors had 14.79 per cent.

Key Financials
The company reported consolidated sales of Rs 3800.42 crore for the quarter ended 31-Mar-2023, up 9.22 per cent from previous quarter's Rs 3479.67 crore and up 6.85 per cent from the year-ago quarter's Rs 3556.65 crore.

Net profit after tax for the latest quarter stood at Rs 562.45 crore, down 7.13 per cent from the same quarter a year ago.