Business Standard

Investors brush aside tariff, margin concerns for SRF; stock rebounds

The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions

SRF
Premium

Brokerages have also brushed aside concerns of additional competition due to the lifting of tariffs on Chinese exports of refrigerant gases.

Ram Prasad Sahu
After a 10 per cent fall over the last few trading sessions, the stock of India’s largest specialty chemicals maker by market capitalisation, SRF, recovered on Friday gaining 5 per cent and then going up by over a per cent after the twin market sessions of Monday and Tuesday to end at Rs 2198.75 apiece. The stock has been under pressure on concerns related to demand, its ability to sustain margins and increased competitive pressures due to policy decisions.

Surya Patra of PhillipCapital India Research highlights three uncertain macro developments which will make the near-term outlook of the global chemical

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in