Share price of SRF jumps as Sensex drops 51.56 points

Share price of SRF Ltd. gained 0.64 per cent to Rs 2398.7 at 10:30AM (IST) in Wednesday's trade. The scrip hit a high of Rs 2413.3 and low of Rs 2387.85 so far during the session. The stock had closed at Rs 2383.25 in the previous session.

The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 3.1 crore on BSE. The stock traded at a price-to-earnings multiple of 48.3 and a price-to-book ratio of 6.93.

A higher P/E 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 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 19.6 per cent and 14.38 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 3071.79 crore for the quarter ended 31-Dec-2023, down 4.2 per cent from the previous quarter's Rs 3206.48 crore and down 11.72 per cent from the year-ago quarter's Rs 3479.67 crore.

Its profit for the latest quarter stood at Rs 253.43 crore, down 50.4 per cent from the same quarter a year ago.

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