Shares of SRF Ltd. fell 0.97 per cent to Rs 2136.2 in Tuesday’s session as of 11:44AM (IST) even as the equity benchmark Sensex traded 317.16 points lower at 52525.59.
Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 2679.0 and a 52-week low of Rs 1026.63 on NSE. Around 33636 shares changed hands on the counter till 11:44AM (IST).
The stock opened at Rs 2150.0 and has touched an intraday high and low of Rs 2182.85 and Rs 2133.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 38.12, earnings per share (EPS) of Rs 56.14 and price to book value (PB) of 4.75, while the return on equity (ROE) stood at Rs 17.47.
Promoter/ FII Holding
The promoters held 50.73 per cent stake in the company as of March 08, while FII and MF ownerships stood at 19.09 per cent and 8.97 per cent, respectively.
Key Financials
With a market capitalisation of Rs 63441.51 crore, the company operates in the Diversified industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 3356.54 crore, up 17.77 per cent from the previous quarter?s Rs 2850.09 crore and up 54.82 per cent from the same quarter a year ago. The company reported net profit of Rs 505.54 crore for the latest quarter, up 55.68 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 33.71. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.
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