SRF shares down 1.98% as Nifty falls

Shares of SRF Ltd. rose 1.98 per cent to Rs 2464.0 in Friday's trade. It hit an intraday high of Rs 2523.3 and low of Rs 2459.1, respectively, during the day.

The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 2002.5.

As of 01:48PM (IST), the counter saw total traded volume of 6,252 shares with a traded value of Rs 1.55 crore, according to NSE.

The stock had closed at Rs 2513.9 in the previous session.

The scrip has declined -4.77 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.78 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 33.79 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 31-Mar-2023, while FII and MF ownership in the firm stood at 18.51 per cent and 8.41 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3800.42 crore for the quarter ended 31-Mar-2023, up 9.22 per cent from the previous quarter's Rs 3479.67 crore and up 6.85 per cent from the year-ago quarter's Rs 3556.65 crore. Its net profit for the latest quarter stood at Rs 562.45 crore, down 7.13 per cent from the same quarter a year ago.