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Shares of SRF, the country’s largest specialty chemicals player, hit a 10-month high last week on expectations that recovery in exports, amid rising prices, could aid sales revival.
Given expectations of higher realisations across its main segments, some brokerages have upgraded the stock.
The company’s gross export revenues were Rs 469 crore in February, indicating a strong sequential increase.
Monthly average exports were higher by 43 per cent on a sequential basis on the back of a recovery in specialty chemicals supply and a seasonal uptick in refrigerant gas sales.
While specialty chemicals saw a monthly average export growth of
