The share price of SRF Ltd. gained 2.55% to Rs 2457.15 at 01:24 PM (IST) in Friday’s trade. The stock has hit a high of Rs 2459.0 and low of Rs 2395.55 so far during the session. The stock had closed at Rs 2396.05 in the previous session. The counter has had a total traded volume of 18263 shares so far with a value of Rs 4.44 crore on the NSE. It traded at a price-to-earnings multiple of 41.9 and a price-to-book ratio of 6.93. A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business. The scrip gained 7.01% during the past one year, while the 30-share index advanced 16.38% during the same period. SRF Ltd. belongs to the Diversified industry. Promoters held 50.53% stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 19.79% and 7.39%, respectively. The firm reported consolidated sales of Rs 3206.48 crore for the quarter ended 30-Sep-2023, down 4.29% from the previous quarter’s Rs 3350.14 crore and down 14.73% from the year-ago quarter’s Rs 3760.52 crore. Profit for the latest quarter stood at Rs 300.78 crore, down 37.47% from the same quarter a year ago.