Share price of SRF jumps as Sensex gains 171.76 points
Promoters held 50.3 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 19.08 per cent and 8.38 per cent, respectively.
The share price of gained 0.94 per cent to Rs 2403.95 at 12:02PM (IST) in Thursday's trade. The scrip has hit a high of Rs 2404.7 and low of Rs 2372.65 so far during the session. The stock had closed at Rs 2381.45 in the previous session.The counter has had a total traded volume of 1926 shares so far with a value of Rs 0.46 crore on the . It traded at a price-to-earnings multiple of 53.16 and a price-to-book ratio of 6.63.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 0.98 per cent during the past one year, while the 30-share index advanced 28.0 per cent during the same period.
belongs to the Diversified industry.
Promotor/FII Holding
Promoters held 50.3 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 19.08 per cent and 8.38 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 3593.13 crore for the quarter ended 31-Mar-2024, up 16.97 per cent from the previous quarter's Rs 3071.79 crore and up 5.45 per cent from the year-ago quarter's Rs 3800.42 crore.
Profit for the latest quarter stood at Rs 422.21 crore, down 24.93 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
