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SRF stock price down 0.36 per cent as Sensex slides



Shares of SRF Ltd. fell 0.36 per cent to Rs 2361.25 at 02:06PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 42,272 shares with a turnover of Rs 995.0 crore till 02:06PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 36.63, while the price-to-book value ratio stood at 6.93.

Return on equity (ROE) was at 20.93 per cent, according to exchange data. The stock hit an intraday high of Rs 2373.0 and a low of Rs 2322.0 during the session and quoted a 52-week high price of Rs 2844.65 and a 52-week low of Rs 2050.0.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.24.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2334.41 on September 18, while the 50-DMA was at Rs 2291.24. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 50.16. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 30-Jun-2023, promoters held 50.53 per cent stake in the company, while overseas investors held 20.04 per cent and domestic institutional investors had 13.58 per cent.

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