Srf

SRF's chemicals biz leads Q2 growth; analysts stay bullish; check targets

Brokerages maintained a positive stance on SRF, highlighting continued margin strength, steady volume growth, and the company's strategic capex expansion.

SRF to invest nearly ₹750 cr to set up agro-chemical, BOPP film plants

Chemical firm SRF Ltd will invest nearly Rs 750 crore to set up an agro-chemical plant in Gujarat and a BOPP film manufacturing facility in Indore as part of its expansion plan. Gurugram-based SRF Ltd has a diversified business comprising fluorochemicals, specialty chemicals, performance films & foil, technical textiles, and coated and laminated fabrics. The company's board on July 23 approved the setting up of a facility to produce agrochemicals at Dahej, Gujarat, at a cost of Rs 250 crore. The facility at Dahej will produce 12,000 tonnes per annum of an agrochemical intermediate. This project will be completed in 18 months, according to the latest regulatory filing. The board also approved a Rs 490 crore investment to set up a BOPP (Biaxially Oriented Polypropylen) film manufacturing facility in Indore, featuring a state-of-the-art 10.4m wide Bruckner film line and a metalliser. The project is expected to be completed in 24 months. SRF Ltd has posted a 71 per cent increase in ..

Should you buy, sell or hold SRF shares post Q1 results? Find out here

SRF's revenue for the quarter rose 10.3 per cent Y-o-Y to ₹3,819.6 crore, while Ebitda surged 37.8 per cent Y-o-Y to ₹831 crore, improving margins from 17.4 per cent to 21.7 per cent.

Nifty outlook, 3 stock picks for today by Chandan Taparia of MOFSL

NTPC, SRF, Hindustan Petroleum are among the top stocks to buy today, says Chandan Taparia

Motilal Oswal recommends these three stocks to buy today; Check out target

Stocks to buy: Motilal Oswal suggests purchasing these on three stocks today

SRF shares fall 3% despite strong Q4 results; check key numbers here

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 Q4 net profit rises 24% to ₹526 crore on strong chemical sales

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

Tata Motors, SRF, and Bajaj Finance are top stocks to buy today; here's why

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 jumps 6% after commissioning ₹239 crore agrochemical facility in Dahej

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

VBL, ICICI Bank: 5 stocks to buy and keep in your portfolio this April

Stocks to Buy: Motilal Oswal Financial Services (MOFL) recommends 5 stocks that can be a part of your portfolio this month

SRF, Airtel among top picks by Ruchit Jain of MOFSL on February 13

SRF stock has taken support and bounced up from its 20 DEMA after breaking out from a consolidation zone

SRF up 5% post Q3 results; rallies 25% so far in January, nears record high

Building on the momentum achieved so far, the company's management expects SRF to finish the year on a reasonably strong footing

Buy Marico, SRF, Sell Feb Futures of HPCL: Ajit Mishra of Religare Broking

Stocks to Buy Today, Jan 30: Nifty is recovering amid choppy conditions and approaching its critical resistance at 23,300 (20-DEMA)

Why SRF stock climbed 6% even after posting 33% drop in Q2 profit; Details

The company aims to add a manufacturing facility with a capacity of 60,000 million tonne per annum within the next 25 months

SRF Q2 results: Net profit falls 33% to Rs 201.42 cr on higher expenses

Chemical firm SRF Ltd on Tuesday reported a 33 per cent decline in its consolidated net profit to Rs 201.42 crore for the second quarter of this fiscal on higher expenses and announced plans to invest Rs 1,100 crore on new plants to manufacture fourth-generation refrigerants. Its net profit stood at Rs 300.78 crore in the year-ago period. The total income rose to Rs 3,457.63 crore during the July-September period of this fiscal from Rs 3,206.48 crore in the year-ago period, the company said in a regulatory filing. The company's total expenses increased to Rs 3,173.97 crore in the second quarter from Rs 2,791.67 crore a year ago. SRF Chairman and Managing Director Ashish Bharat Ram said, While the performance this quarter has been expectedly subdued, I believe the worst is now behind us. We will start seeing an improvement from this quarter onwards with a likelihood of a strong finish to the year". SRF also informed that its Board of Directors approved "a project for setting up new

SRF slips 4% as UBS downgrades to 'Sell' from 'Buy'; sees downside of 22%

The market's expectation of a demand recovery for SRF's chemical segment will be met with disappointment, UBS said

SRF, BPCL among top picks by Chandan Taparia of MOFSL for July 31

SRF has given trend line breakout on daily chart and holding well above the same.

SRF Q1FY25 results: Net profit down 30% to Rs 252 cr on weak global demand

The chemicals industry has been grappling with high inventory and destocking for the past few quarters, leading to continuous pressure on volume and margins, according to analysts

SRF gains 2% as street pins hopes on chemical business recovery in H2FY25

The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25

SRF Q4 results: Profit declines 25% to Rs 422 crore on lower income

Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement. The consolidated revenue of the company declined 6 per cent to Rs 3,570 crore in the fourth quarter of the last fiscal from Rs 3,778 crore in the year-ago period. In the 2023-24 fiscal, SRF's revenue decreased 12 per cent to Rs 13,139 crore from Rs 14,870 crore in the preceding year. The company's profit after tax decreased 38 per cent to Rs 1,336 crore in the last fiscal from Rs 2,162 crore in the 2022-23 fiscal. SRF Chairman and Managing Director Ashish Bharat Ram said, "While the general performance has been weak, we have seen a reasonable recovery in our chemicals business in the fourth quarter, as we had envisaged. We believe that this recove