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    SRF shares gain 0.37% as Sensex rises

    Synopsis

    A total of 20,487 shares changed hands on the counter till 11:02AM (IST)

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of SRF Ltd. traded 0.37 per cent up at Rs 2347.1 at 11:02AM (IST) on Tuesday, even as BSE benchmark Sensex gained 332.3 points to 63057.01. The scrip had closed at Rs 2338.5 in the previous session.

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

    As per BSE data, total traded volume on the counter till 11:02AM (IST) stood at 11:02AM shares with turnover at Rs 4.83 crore.

    At the prevailing price, the stock trades at 32.19 times its trailing 12-month EPS of Rs 72.95 per share and 6.93 times its price-to-book value, the exchange data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

    The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.24.

    Shareholding Details
    Promoters held 50.53 per cent stake in the company as of 31-Mar-2023, while FIIs owned 18.52 per cent and DIIs 14.79 per cent.
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