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SRF gains after strong Q4 result

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advanced 5.52% to Rs 2,601.10 at 15:21 IST on BSE after consolidated net profit rose 54.06% to Rs 190.89 crore on 27.98% increase in net sales to Rs 2034.81 crore in Q4 March 2019 over Q4 March 2018.

The result was announced after market hours yesterday, 13 May 2019.

Meanwhile, the S&P was up 274 points, or 0.74% to 37,364.82

On the BSE, 1.03 lakh shares were traded in the counter so far compared with average daily volumes of 11,000 shares in the past two weeks. The stock had hit a high of Rs 2,625 and a low of Rs 2,333.90 so far during the day.

Commenting on the results, Managing Director, SRF, said the demand on the specialty side seems to be coming back on track. The technical textiles business was hit with some inventory losses and fall in demand.

is a based multi-business entity engaged in the of industrial and specialty intermediates. The company's diversified business portfolio covers technical textiles, fluorochemicals, specialty chemicals, packaging films and engineering

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 15:26 IST