Investments in chemical biz, recovery in refrigerants to boost SRF earnings

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

Expectations of strong earnings growth over the next two-three years, driven primarily by continuous capex in its chemicals business, recovery in the refrigerants space, and demand momentum in the packing and films segment have boosted the shares of specialty chemicals maker SRF.

On Monday, the SRF stock scaled a new high of Rs 6,030 intra-day on the BSE Sensex before closing at Rs 5,916.6.

The chemicals business accounts for over 40 per cent of its revenue and has been one of the key drivers of its growth in the past three years. The management sees significant growth opportunities in this segment aided