On Tuesday, shares of SRF Ltd. dropped by 0.49% to Rs 2504.40 around 12:42 PM (IST). This happened even though the overall market index, Sensex, was up by 273.22 points, reaching 76603.23.
The day started tough for SRF, as it opened lower at Rs 2495.05. Throughout the day, it reached a high of Rs 2542.50 but also touched a low of Rs 2495.05. The stock’s highest price in the past year was Rs 2697.45, while the lowest was Rs 2088.55. By midday, about 9,404 shares had traded hands.
Investors may be interested in some numbers: SRF has a price-to-earnings (PE) ratio of 65.73, earnings per share (EPS) of Rs 38.10, and a price-to-book ratio (PB) of 6.63. Its return on equity (ROE) is Rs 11.63, indicating how well the company is utilizing its equity.
Looking at ownership, the promoters control 50.26% of SRF, while Foreign Institutional Investors (FIIs) hold 18.3%, and mutual funds own 9.8%.
In terms of financial performance, SRF reported total sales of Rs 3457.63 crore for the quarter ending September 30, 2024. This is a slight drop of 0.91% compared to the previous quarter but a rise of 7.83% from the same period last year. The profit for the latest quarter was Rs 201.42 crore, a 33.03% increase from last year.
Technical indicators show that the stock’s relative strength index (RSI) is at 62.95. Generally, an RSI above 70 means a stock might be overbought, and below 30 indicates it could be oversold. However, experts agree that the RSI should not be the only factor when deciding to buy or sell stocks.
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