SRF shares up 0.43% as Nifty drops

Share price of SRF  falls  as Nifty  weakens

NEW DELHI: Shares of . traded 0.43 per cent up in Wednesday’s trade at 02:00PM (IST). Around 11,218 shares changed hands on the counter.

The stock opened at Rs 2610.0 and touched an intraday high and low of Rs 2635.95 and Rs 2587.35, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2773.0 and a 52-week low of Rs 1975.0.

Total market cap of the SRF Ltd. stood at Rs 78043.21 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 3904.57 crore for the quarter ended 30-Jun-2022, up 9.78 per cent from previous quarter’s Rs 3556.65 crore and up 43.91 per cent from the year-ago quarter’s Rs 2713.18 crore.

The net profit for latest quarter stood at Rs 608.0 crore, up 53.82 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2022, DIIs held 9.18 per cent stake in the company, while foreign institutional investors held 19.21 per cent and the promoters 50.73 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 37.13 and a price-to-book ratio of 9.3. 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.

SRF Ltd. belongs to the Diversified industry.

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