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SRF hits new high in weak market; climbs 25% in three months

In past three months, SRF has outperformed the market by surging 25 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.

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SI Reporter Mumbai
Shares of SRF climbed 2.50 per cent in an otherwise weak market on Friday, on expectation of revival in specialty chemicals business.

In past three months, SRF has outperformed the market by surging 25 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.

SRF is a multi-business entity with manufacturing tyre cord fabrics to developing advanced fluorine based intermediates (specialty chemicals). It also manufactures packaging films and, fabrics and engineering plastics.

The company posted growth of 26 per cent year-on-year (YoY) in consolidated net profit at Rs 166 crore in December