SRF LTD Plunges by 5%; BSE 500 Index Down 0.4%
December 24, 2018 10:14 AM

SRF LTD share price has plunged 5% and is presently trading at Rs 2,159.

Meanwhile, the BSE 500 Index is at 14,448 (down 0.4%).

Among the top losers in the BSE 500 Index today are SRF LTD (down 5.2%) and SUPRAJIT ENGG (down 5.4%).

GE T&D INDIA (up 2.3%) and TATA GLOBAL BEV. (up 2.0%) are among the top gainers today.

Over the last one year, SRF LTD has moved up from Rs 1,945 to Rs 2,159, registering a gain of Rs 214 (up 11.0%)..

The BSE 500 has moved down from 14,845 to 14,448, loss of 397 points (down 2.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were GUJARAT GAS LTD (up 1903.7%), HEG LTD (up 99.4%) and V-MART RETAIL (up 72.7%).

What About the Benchmark Indices?

The BSE Sensex is at 35,911 (down 0.3%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.3%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,782 (down 0.3%). HPCL (up 1.3%) and SUN PHARMA (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,756 to 35,911, registering a gain of 2,155 points (up 5.6%).

SRF LTD Financial Update...

SRF LTD net profit stood at Rs 2 billion for the quarter ended September 2018, compared to a profit of Rs 1 billion a year ago. Net Sales rose 37.1% to Rs 19.2 billion during the period as against Rs 14.0 billion in July-September 2017.

For the year ended March 2018, SRF LTD reported 10.3% decrease in net profit to Rs 4.6 billion compared to net profit of Rs 5.2 billion during FY17.

Revenue of the company grew 10.7% to Rs 57 billion during FY18.

The current Price to earnings ratio of SRF LTD, based on rolling 12 month earnings, stands at 21.7x.