SRF Stocks rose by 10.85% in Thursday trading session

SRF Ltd. experienced a healthy quarterly result, and a 92% increase in its stock price demonstrates excellent market dominance. Before entering the market and making top trading decisions, every investor must also consider the technical and fundamental factors.

Shares of SRF Ltd. soared by 10.85 percent to Rs 2606.15 on Thursday.

Stock Performance

As of 10:Thursday 00 AM (IST) SRF Ltd. shares were up 10.85 % at Rs 2606.15 Nifty was at 23,634.45 up by 54.5 points. The scrip was in the previous session had settled at Rs 2350.90. The stock hit a 52-week low of Rs 2088.55 and 52-week high of Rs 2697.45 in the last one year. SRF Ltd. thereby has a market capitalization of Rupees Seventy eight Thousand Four hundred Seventy Nine Point Ninety Five only as per BSE Bombay Stock Exchange.

Turnover and Stock Market Statistics

In the BSE market, 48,623 shares in the SRF Ltd were transacted in the morning trading session alone. At present, it is selling at 69.50 times of the trailing 12-month earnings per share of Rs 38.10 and 6.63 times its book value. The price to book value ratio is relatively healthy at 1.34 while the return to equity (ROE) is 11.63 signifying a good shape of the organisation.

Key Financial Highlights

SRF Ltd. ‘India’ has disclosed its consolidated sales of Rs 3457.63 crore for the quarter ended 30th September 2024 which was up by 7.83 per cent YoY. Net profit for the equivalent period rise 33.03% YoY to Rs 201.42 crore, proving great operational excellence.

Technical Indicators

SF quoted RSI of the SRF share was positioned in the overbought territory Thursday. While it ranges between 0 and 100, Reversal of SMA’s center line is considered as an overbought indicator if it is Beyond 70 and oversold if below 30. But they fore warn the community that RSI should not be relied on singularly to make trades in the market. However, it is useful when employed in conjunction with other technical as well as fundamental factors.

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