SRF LTD Plunges by 7%; BSE 500 Index Down 3.5%

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SRF LTD Plunges by 7%; BSE 500 Index Down 3.5%
Wed, 18 Mar 12:24 PM

SRF LTD share price has plunged 7% and is presently trading at Rs 3,335.

Meanwhile, the BSE 500 Index is at 11,951 (down 3.5%).

Among the top losers in the BSE 500 Index today are SRF LTD (down 7.0%) and SHREE CEMENT (down 5.3%).

ZEE ENTERTAINMENT (up 9.0%) and JM FINANCIAL (up 5.9%) are among the top gainers today.

Over the last one year, SRF LTD has moved up from Rs 2,410 to Rs 3,335, registering a gain of Rs 925 (up 38.4%)..

The BSE 500 has moved down from 15,069 to 11,951, loss of 3,118 points (down 20.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 235.7%), ABBOTT INDIA (up 94.1%) and NAVIN FLUORINE (up 68.2%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 3.3%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 0.9%), TCS (up 0.6%) and TECH MAHINDRA (up 0.3%). The most traded stocks in the BSE Sensex are INFOSYS and TCS.

In the meantime, NSE Nifty is at 9,128 (down 2.8%). ZEE ENTERTAINMENT (up 9.1%) and YES BANK (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 22.34%).

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 23.3x.

What else is happening in the markets today? Dig in...

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Apr 12, 2021 09:13 AM