SRF shares up 1.73% as Nifty gains
A total of 2,223 shares changed hands on the counter till 11:16AM (IST).
NEW DELHI: Shares of traded 1.73 per cent up in Thursday's trade at 11:16AM (IST). Around 2,223 shares changed hands on the counter.The scrip opened at Rs 2527.7 and touched an intraday high and low of Rs 2565.0 and Rs 2518.0, respectively, in the session so far. The stock of quoted a 52-week high of Rs 2687.35 and a 52-week low of Rs 2050.0.
Total market cap of the . stood at Rs 74630.88 crore at the time of writing this report.
Key Financials
The company reported consolidated 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 same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, DIIs held 7.81 per cent stake in the company, while foreign institutional investors held 19.6 per cent and the promoters 50.53 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 50.67 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
