SRF stock price: SRF shares fall 0.07% as Sensex rises

The shares of SRF Ltd. fell 0.07% to Rs 2633.8 in Wednesday’s session at 11:00 (IST), even as the benchmark Sensex shares traded down 17.2 points to 58593.57.

Earlier in the day, the stock saw a gap in early trading. The stock quoted a 52-week high of Rs 2773.0 and a 52-week low of Rs 1171.65 on NSE. Around 8677 shares changed hands at the counter till 11:00 am (IST).

The stock opened at Rs 2658.0 and touched an intraday high and low of Rs 2676.85 and Rs 2631.15 during the session so far. The certificate listed a price to earnings (PE) ratio of 46.92, earnings per share (EPS) of Rs 56.14 and price to book value (PB) of 4.75, while return on equity ( ROE) stood at Rs 17.47.

Promoter/ Holding FII
The promoters held 50.73% of the company’s capital as of April 13, while the holdings of FII and MF amounted to 19.09% and 8.97% respectively.

Key financial data

With a market capitalization of Rs 78089.15 crore, the company operates in the diversified industry. For the quarter ended December 31, 2021, the company reported consolidated sales of Rs 3,356.54 crore, up 17.77% from the previous quarter of Rs 2,850.09 crore and up 54.82% from compared to the same quarter a year ago. The company reported a net profit of Rs 505.54 crore for the last quarter, up 55.68% from the corresponding quarter last year.

Technical indicators
The relative strength index (RSI) of the stock stands at 54.59. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Analysts say that the RSI indicator should not be considered in isolation, as it may not be enough to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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