SRF gained 4.11% to Rs 1,332.50 at 11:26 IST on BSE after the company announced that power and basic utilities have been restored at the company's plant at Manali, Chennai.
Meanwhile, the BSE Sensex was down 12.26 points, or 0.05%, to 25,568.08
On BSE, so far 15,996 shares were traded in the counter, compared with an average volume of 16,478 shares in the past one quarter. The stock hit a high of Rs 1,333.70 and a low of Rs 1,276.85 so far during the day. The stock hit a record high of Rs 1,495.55 on 5 August 2015. The stock hit a 52-week low of Rs 843 on 13 January 2015. The stock had outperformed the market over the past one month till 5 January 2016, rising 3.76% compared with 0.23% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.86% as against Sensex's 4.50% fall.
The mid-cap company has an equity capital of Rs 57.42 crore. Face value per share is Rs 10.
SRF after market hours yesterday, 5 January 2016, announced that water level has receded in Manali, Chennai plant and consequently the power and basic utilities have been restored. As this is a complex plant, the production is being started in phases and the dipping process has started as of now, SRF said. Adequate steps are being taken to restore normalcy, the company added. SRF had on 2 December 2015 informed that operations of the plant were disrupted due to flooding and rain in Chennai.
On a consolidated basis, SRF's net profit rose 27.7% to Rs 100.26 crore on 2.4% decline in net sales to Rs 1150.47 crore in Q2 September 2015 over Q2 September 2014.
SRF is a multi business entity engaged in the manufacture of chemical-based industrial intermediates.
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