SRF Stock

The company aims to add a manufacturing facility with a capacity of 60,000 million tonne per annum within the next 25 months

The market's expectation of a demand recovery for SRF's chemical segment will be met with disappointment, UBS said

SRF has given trend line breakout on daily chart and holding well above the same.

The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25

The demand-supply imbalance and margin pressures would be a key monitorable in the near to medium-term

Consolidated net profit after tax fell to 2.53 billion rupees (about $30 million) for the three months ended Dec.31 from 5.11 billion rupees a year ago

Company has increased capex for the business to tap into new opportunities

This could aid overall profitability, even though other segments may see margin moderation

While there are multiple positives across SRF's key segments, investors should await for a better opportunity to enter the stock

Q3 performance was led by strong demand/realisations in the chemicals business

Q3 performance was led by strong demand/realisations in the chemicals business

Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close

Gains from multiple triggers are factored in valuations which limits upsides

The stock hit a new high of Rs 8,535.95 as shares rallied 8 per cent on the BSE in intra-day trade on Friday

Given the valuation worries, investors should await further correction before considering the stock

Continued demand momentum in packaging and films segment add to the optimism

EBITDA margins expanded 840 basis points to 27.7 per cent, driven by technical textiles and packaging businesses.

Given the essential nature of production, some plants are exempted from the lockdown

Technical textiles unit, however, could face some pressure

Much of the Shriram empire may have shrunk from early glory days but his SRF is going great guns