SRF LTD Plunges by 12%; BSE 500 Index Down 6.4%
March 16, 2020 02:51 PM

SRF LTD share price has plunged 12% and is presently trading at Rs 3,464.

Meanwhile, the BSE 500 Index is at 12,631 (down 6.4%).

Among the top losers in the BSE 500 Index today are SRF LTD (down 11.7%) and V-MART RETAIL (down 11.7%).

YES BANK (up 45.2%) and INDIA CEMENTS (up 10.0%) are among the top gainers today.

Over the last one year, SRF LTD has moved up from Rs 2,394 to Rs 3,464, registering a gain of Rs 1,070 (up 44.7%)..

The BSE 500 has moved down from 14,974 to 12,631, loss of 2,343 points (down 15.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 197.6%), ABBOTT INDIA (up 96.0%) and NAVIN FLUORINE (up 91.4%).

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 7.1%).

In the meantime, NSE Nifty is at 9,602 (down 6.5%). YES BANK (up 47.6%) and BAJAJ AUTO (up 0.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 16.05%).

SRF LTD Financial Update...

SRF LTD net profit stood at Rs 2 billion for the quarter ended September 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 11.5% to Rs 17.4 billion during the period as against Rs 19.6 billion in July-September 2018.

For the year ended March 2019, SRF LTD reported 39.0% increase in net profit to Rs 6.4 billion compared to net profit of Rs 4.6 billion during FY18.

Revenue of the company grew 35.3% to Rs 77 billion during FY19.

The current Price to earnings ratio of SRF LTD, based on rolling 12 month earnings, stands at 24.4x.