SRF Share Value: SRF shares up 1.79% as Nifty features

NEW DELHI: Shares of SRF Ltd. traded 1.79 per cent up in Thursday’s commerce at 11:11AM (IST). Round 6,046 shares modified arms on the counter.

The counter opened at Rs 2187.75 and touched an intraday excessive and low of Rs 2226.25 and Rs 2187.75, respectively, within the session to this point. The inventory of SRF Ltd. quoted a 52-week excessive of Rs 2639.8 and a 52-week low of Rs 2050.0.

Whole market cap of the SRF Ltd. stood at Rs 65929.33 crore on the time of scripting this report.

Key Financials
The corporate reported consolidated gross sales of Rs 3206.48 crore for the quarter ended 30-Sep-2023, down 4.29 per cent from earlier quarter’s Rs 3350.14 crore and down 14.73 per cent from the year-ago quarter’s Rs 3760.52 crore.

The online revenue for contemporary quarter stood at Rs 300.78 crore, down 37.47 per cent from the identical quarter a yr in the past.

Shareholding sample
As of 30-Sep-2023, home institutional buyers held 7.39 per cent stake within the firm, whereas overseas institutional buyers held 19.8 per cent and the promoters 50.53 per cent.
Valuation ratio
In accordance with BSE knowledge, the inventory traded at a price-to-earnings a number of of 38.03 and a price-to-book ratio of 6.93. A better P/E ratio reveals buyers are keen to pay the next value due to higher future development expectations. Value-to-book worth signifies the inherent worth of an organization and is the measure of the worth that buyers are able to pay even for no development within the enterprise.

SRF Ltd. belongs to the Diversified trade.

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