SRF shares up 0.45% as Nifty drops
A total of 865 shares changed hands on the counter till 11:26AM (IST).
NEW DELHI: Shares of traded 0.45 per cent up in Wednesday's trade at 11:26AM (IST). Around 865 shares changed hands on the counter.The stock opened at Rs 2469.65 and touched an intraday high and low of Rs 2469.65 and Rs 2423.55, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 2636.65 and a 52-week low of Rs 2050.0.
As per , the total market cap of the . stood at Rs 72315.8 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 3071.79 crore for the quarter ended 31-Dec-2023, down 4.2 per cent from previous quarter's Rs 3206.48 crore and down 11.72 per cent from the year-ago quarter's Rs 3479.67 crore.
The net profit for latest quarter stood at Rs 253.43 crore, down 50.4 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 7.81 per cent stake in the firm, while foreign institutional investors held 19.6 per cent and the promoters 50.53 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 49.0 and a price-to-book ratio of 6.93. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
. belongs to the Diversified industry.
Source: Stocks-Markets-Economic Times
