Shares of SRF Ltd. traded 0.36% lower in Tuesday’s session at 10:25AM (IST). The stock opened at Rs 2492.85 and has touched an intraday high and low of Rs 2492.85 and Rs 2455.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2636.65 and a 52-week low of 2050.0. About 2,049 shares changed hands on the counter so far.
Benchmark Nifty50 was down 47.3 points at 21731.4, while the BSE Sensex traded 170.12 points lower at 72240.26 at the time of writing of this report.
In the Nifty pack, 20 stocks traded the day in the green, while 30 were in the red.
Key Financials
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 3206.48 crore, down 4.29% from the previous quarter’s Rs 3350.14 crore and down 14.73% from the year-ago quarter. The company reported net profit of Rs 300.78 crore for the latest quarter.
Promoter Holdings
Promoters held 50.53% stake in the company as of 30-Sep-2023, while FIIs held 19.8% and MFs 7.39%.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2356.61 on January 02, while the 50-DMA was at Rs 2355.27. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
