SRF shares fall 1.11 per cent in Monday's trading session

Shares of SRF Ltd. fell 1.11 per cent to Rs 2189.6 in Monday's trade as of 01:28PM (IST) even as the benchmark Nifty ruled at 19757.15, up 12.15 points.

The scrip had closed at Rs 2214.0 in the previous session. The stock quoted a 52-week low of Rs 2082.15 and a high of Rs 2864.35. The company quoted a market-cap of Rs 65148.25 crore on the BSE.

On BSE, 32,376 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 30.13 times its trailing 12-month EPS of Rs 72.95 per share and 6.93 times its book value. The return on equity (ROE) stood at Rs 20.93.

Key Financials
For the quarter ended 31-Mar-2023, SRF Ltd. reported consolidated sales of Rs 3800.42 crore, up 6.85 per cent from the same quarter a year ago. The company reported 7.13 per cent YoY de-growth in net profit at Rs 562.45 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.