SRF has rallied 14% to Rs 604, also its record high on the BSE, on back of heavy volumes. The trading volumes on the counter have jumped over ten-fold with a combined around one million shares changing hands on the BSE and NSE till 1055 hours.
So far in 2014, the stock has appreciated by 172% from Rs 222 at the beginning of the current calendar year compared to 19% rise in S&P BSE Sensex.
In past one-and-half months, shares in SRF has rallied 56% from Rs 387 on May 8, after the company said that one plant for producing specialty chemicals had been commissioned and capitalized SRF’s chemical complex in Dahej, Gujarat at an aggregated cost of Rs 52 crore. The benchmark index has gained 13% during the same period.
Going forward, SRF expects the improvement in profit margin as the revenue from higher margins, knowledge driven, specialty chemicals increases over the coming years.
So far in 2014, the stock has appreciated by 172% from Rs 222 at the beginning of the current calendar year compared to 19% rise in S&P BSE Sensex.
In past one-and-half months, shares in SRF has rallied 56% from Rs 387 on May 8, after the company said that one plant for producing specialty chemicals had been commissioned and capitalized SRF’s chemical complex in Dahej, Gujarat at an aggregated cost of Rs 52 crore. The benchmark index has gained 13% during the same period.
Going forward, SRF expects the improvement in profit margin as the revenue from higher margins, knowledge driven, specialty chemicals increases over the coming years.
