SRF shares rise 0.31 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 35.53 on Wednesday.
Shares of rose 0.31 per cent to Rs 2292.95 in Wednesday's trade as of 11:21AM (IST) even as the benchmark ruled at 22543.3, up 14.25 points.The scrip had closed at Rs 2285.65 in the previous session. The stock quoted a 52-week low of Rs 2050.0 and a high of Rs 2697.45. The company quoted a market-cap of Rs 67765.68 crore on the .
On BSE, 6,391 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 50.73 times its trailing 12-month EPS of Rs 45.06 per share and 6.63 times its book value. The return on equity (ROE) stood at Rs 11.63.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 3593.13 crore, up 5.45 per cent from the same quarter a year ago. The company reported 24.93 per cent YoY de-growth in net profit at Rs 422.21 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. 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.
Source: Stocks-Markets-Economic Times
