SRF stock was trading at ₹2,940, down 2.47 per cent from the previous day's close of ₹3,014.5 on the NSE
SRF reports ₹526 crore net profit in Q4 FY25, a 24 per cent rise driven by strong growth in chemicals, fluorochemicals, and performance films amid global volatility
At 6:50 AM, GIFT Nifty futures were trading 496 points higher at 24,561.5, indicating a gap-up start for the bourses.
SRF is on the verge of a consolidation breakout as the price up move has been supported by good volumes. The 50 DEMA has acted as a support on declines where buying interest is seen
SRF stock was quoting at ₹2,925.9, up 6.61 per cent from the previous day's close of ₹2,744.4 on the NSE
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The decline in chemical stocks followed the announcement of new tariffs by US President Donald Trump, who imposed a 27 per cent tariff on all imports from India
In the past one month, SRF has outperformed the market by surging 33 per cent, due to initial signs of demand recovery in Q3FY25, as compared to 2.5 per cent decline in the BSE Sensex.
Building on the momentum achieved so far, the company's management expects SRF to finish the year on a reasonably strong footing