SRF shares rise 1.69 per cent in Monday's trading session

Shares of SRF Ltd. rose 1.69 per cent to Rs 2569.9 in Monday's trade as of 12:02PM (IST) even as the benchmark Nifty ruled at 22304.1, up 157.1 points.

The scrip had closed at Rs 2527.1 in the previous session. The stock quoted a 52-week low of Rs 2050.0 and a high of Rs 2687.35. The company quoted a market-cap of Rs 76157.47 crore on the BSE.

On BSE, 2,030 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 51.6 times its trailing 12-month EPS of Rs 49.79 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-Dec-2023, SRF Ltd. reported consolidated sales of Rs 3071.79 crore, down 11.72 per cent from the same quarter a year ago. The company reported 50.4 per cent YoY de-growth in net profit at Rs 253.43 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.