SRF surges 12% from day's low; stock hits new high of Rs 2,621

The company reported 54 per cent year on year jumped in consolidated net profit at Rs 191 crore in March quarter, on the back of healthy revenue growth.

SRF shares hit a new high of Rs 2,621, up 6 per cent, in intra-day trade on the National Stock Exchange (NSE), after the company reported 54 per cent year-on-year (YoY) jumped in consolidated net profit at Rs 191 crore in March quarter, on the back of healthy revenue growth. The consolidated revenue grew 29 per cent at Rs 2,072 crore on YoY basis.

The stock of has bounced back 12 per cent from its intra-day low of Rs 2,335 on the NSE. It surpassed its previous high of Rs 2,614 hit on May 2, 2019.

Analysts, on an