SRF gains after commissioning of projects at Dahej chemical complex

SRF rose 1.26% to Rs 350.55 at 13:07 IST on BSE after the company said that five projects at SRF's Chemical Complex at Dahej, Gujarat have been commissioned and capitalized on 31 March 2014.

The announcement was made after market hours on Thursday, 3 April 2014.

Meanwhile, the S&P BSE Sensex was down 83.90 points or 0.37% at 22,425.17.

On BSE, so far 54,000 shares were traded in the counter as against average daily volume of 83,264 shares in the past one quarter.

The stock hit a high of Rs 358.35 and a low of Rs 348 so far during the day. The stock had hit a 52-week high of Rs 372.80 on 2 April 2014. The stock had hit a 52-week low of Rs 125.55 on 5 August 2013.

The stock had outperformed the market over the past one month till 3 April 2014, surging 63.07% compared with the Sensex's 7.46% rise. The scrip had also outperformed the market in past one quarter, galloping 59.1% as against Sensex's 7.95% rise.

The company has equity capital of Rs 57.42 crore. Face value per share is Rs 10.

SRF's net profit fell 19.3% to Rs 72.06 crore on 3% decline in net sales to Rs 859.44 crore in Q3 December 2013 over Q3 December 2012.

SRF is a multi-business entity engaged in the manufacture of chemical based industrial intermediates.

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