Share price of SRF falls as Sensex drops 619.49 points

Share price of SRF Ltd. dropped 0.59 per cent to Rs 2252.05 at 01:04PM (IST) in Thursday's trade. The counter hit a high of Rs 2271.05 and low of Rs 2247.05 so far during the session. The stock had closed at Rs 2265.2 in the previous session.

The counter had a total traded volume of 01:04PM shares so far with a turnover of Rs 148.0 crore on BSE. The stock traded at a price-to-earnings multiple of 34.88 and a price-to-book ratio of 6.93.

A higher price-to-earnings ratio shows 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 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.

Promotor/FII Holding
Promoters held 50.53 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 20.04 per cent and 13.58 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 3350.14 crore for the quarter ended 30-Jun-2023, down 11.85 per cent from the previous quarter's Rs 3800.42 crore and down 14.2 per cent from the year-ago quarter's Rs 3904.57 crore.

Its profit for the latest quarter stood at Rs 359.29 crore, down 40.91 per cent from the same quarter a year ago.