SRF Share Price: SRF share price up 2.35 per cent

Shares of . traded 2.35 per cent up at Rs 2604.35 at around 10:10AM (IST) on Thursday. The stock had closed at Rs 2544.6 in the previous session. Equity benchmark Sensex traded 414.82 points lower at 59122.25 around the same time.

The scrip has climbed 28.41 per cent in the last one year till date, while the 30-share index has gained 3.95 per cent during the same period.

Smart Talk

The stock’s 52-week high price stood at Rs 2773.0 and the 52-week low price at Rs 1952.0.

Trading volume on the counter stood at 25,602 shares, while it quoted a price-to-earnings ratio of 35.89, an EPS value of 70.9 and a price-to-book value of 9.3. In the Nifty50 pack, 19 stocks traded in the green, while 31 stocks were in the red.

Promoter/FII Holding
Promoters held 50.73 per cent stake in the company as of 30-Jun-2022, while overseas investor and MF ownership stood at 19.21 per cent and 9.18 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 3904.57 crore, up 9.78 per cent from the previous quarter’s Rs 3556.65 crore and up 43.91 per cent from the year-ago quarter’s Rs 2713.18 crore. The company reported net profit of Rs 608.0 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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