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A total of 68,353 shares changed hands on the counter till 01:39PM (IST)

SRF, incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 72526.26 Crore) operating in Diversified sector.

The stock quoted a 52-week high price of Rs 615.55 and low of Rs 380.95.

​So we had a once-in-a-hundred-year event. Let us hope it is once-in-a-hundred-years because we do not want to run into COVID for another hundred years. So this is what normal looks like. And it is a great time to build. It is a great time to invest. Now the reality is, if we do not have a high-quality start-up, raising capital is hard today and it should be.

The stock traded at a P/E multiple of 76.03, while the price-to-book value ratio stood at 11.24.

“It is pretty clear that the US is going into a soft landing. And that certainly will protect a lot of the IT spending from that perspective. So investors are looking ahead and maybe six to 12 months from now, we may have solid numbers coming through from the IT sector.”

Promoters held 54.9 per cent stake in the company as of 30-Jun-2023, while FIIs owned 13.99 per cent, DIIs 22.32 per cent.

The decision to exclude the stock was taken as Jio Financial did not hit the price band in the last two trading sessions. The news of exclusion from NSE indices comes nearly a week after the stock was excluded from Sensex and other BSE indices.

A total of 289,064 shares changed hands on the counter till 01:03PM (IST)

The stock has been on buyers’ radar for the past few trading sessions. It has rallied more than 8% in a week and over 11% in the last 3 months, Trendlyne data showed.