SRF shares up 0.46% as Nifty gains

Shares of SRF Ltd. rose 0.46 per cent to Rs 2385.0 in Wednesday’s trade. It hit an intraday high of Rs 2390.0 and low of Rs 2363.55, respectively, during the day.

The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 2050.0.

As of 12:59PM (IST), the counter saw total traded volume of 38,994 shares with a traded value of Rs 929.0 crore, according to NSE.

The stock had closed at Rs 2373.85 in the previous session.

The scrip has advanced 9.92 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -3.2 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 36.93 while price-to-book ratio stood at 6.93. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Diversified industry. Promoter/FII Holding
Promoters held 50.53 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 20.03 per cent and 7.29 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3350.14 crore for the quarter ended 30-Jun-2023, down 11.85 per cent from the previous quarter’s Rs 3800.42 crore and down 14.2 per cent from the year-ago quarter’s Rs 3904.57 crore. Its net profit for the latest quarter stood at Rs 359.29 crore, down 40.91 per cent from the same quarter a year ago.

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