SRF fell 8.86% to Rs 2,034.05 at 12:06 IST on BSE after consolidated net profit fell 4.11% to Rs 123.91 crore on 21.74% increase in net sales to Rs 1589.98 crore in Q4 March 2018 over Q4 March 2017.
The result was announced after market hours yesterday, 17 May 2018.Meanwhile, the S&P BSE Sensex was down 172.29 points, or 0.49% to 34,976.83.
On the BSE, 38,000 shares were traded in the counter so far compared with average daily volumes of 5,773 shares in the past two weeks. The stock had hit a high of Rs 2,219.45 and a low of Rs 1,997.20 so far during the day. The stock hit a record high of Rs 2,443 on 30 April 2018. The stock hit a 52-week low of Rs 1,420 on 9 August 2017.
SRF is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company's diversified business portfolio covers technical textiles, fluorochemicals, specialty chemicals, packaging films and engineering plastics.
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