SRF share price: SRF shares fall 1.56% as Sensex drops

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The shares of SRF Ltd. traded down 1.56% to Rs 2506.5 at 13:49 (IST) on Friday, even as the BSE benchmark Sensex fell 372.87 points to 57538.81.

The certificate had stood at Rs 2546.35 during the previous session. The stock quoted a 52-week high of Rs 2773.0 and a 52-week low of Rs 1214.22, respectively. According to BSE data, the total trading volume on the counter till 13:49 (IST) stood at 7,810 shares with a turnover of Rs 1.95 crore.

At the prevailing price, the stock traded at 44.7 times its 12-month EPS of 56.14 rupees per share and 4.75 times its price-to-book ratio, according to BSE data.

A higher P/E ratio shows that investors are willing to pay a higher price today due to growth expectations in the future.

The price-to-book ratio indicates the inherent value of a company and reflects the price investors are willing to pay even if the company does not grow. The stock’s beta, which measures its volatility relative to the broader market, was 1.24.

Shareholding details

The promoters held 50.73% of the company’s capital as of March 31, 2022, while the FIIs held 19.6% and the DIIs 8.53%.

Techniques

On the technical charts, the relative strength index (RSI) of the stock stands at 43.62. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be considered in isolation, as it may not be enough to take a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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