Share price of SRF rises as Nifty strengthens

Shares of SRF Ltd. gained 1.35 per cent to Rs 2341.55 in Tuesday's trade as of 10:25AM (IST).

The stock hit a high price of Rs 2353.6 and low of Rs 2314.1 during the session.

The return on equity (ROE) for the stock stood at 22.05 per cent. Traded volume on the counter stood at 10:25AM shares and turnover at Rs 1.19 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-Dec-2022, while overseas investors held 18.31 per cent and domestic institutional investors had 14.7 per cent.

Key Financials
The company reported consolidated sales of Rs 3479.67 crore for the quarter ended 31-Dec-2022, down 7.47 per cent from previous quarter's Rs 3760.52 crore and down 3.67 per cent from the year-ago quarter's Rs 3356.54 crore.

Net profit after tax for the latest quarter stood at Rs 510.9 crore, up 1.06 per cent from the same quarter a year ago.