SRF shares up 0.25% as Nifty gains

SRF shares up 0.25% as Nifty gains
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Synopsis

A total of 9,277 shares changed hands on the counter till 11:57AM (IST).

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: Shares of . traded 0.25 per cent up in Wednesday's trade at 11:57AM (IST). Around 9,277 shares changed hands on the counter.

The counter opened at Rs 2380.0 and touched an intraday high and low of Rs 2398.3 and Rs 2344.85, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2773.0 and a 52-week low of Rs 1514.82.

Total market cap of the SRF Ltd. stood at Rs 70057.63 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3904.57 crore for the quarter ended 30-Jun-2022, up 9.78 per cent from previous quarter's Rs 3556.65 crore and up 43.91 per cent from the year-ago quarter's Rs 2713.18 crore.

The net profit for latest quarter stood at Rs 608.0 crore, up 53.82 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 9.18 per cent stake in the firm, while foreign institutional investors held 19.21 per cent and the promoters 50.73 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 33.33 and a price-to-book ratio of 9.3. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

SRF Ltd. belongs to the Diversified industry.
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