Sticks to revenue growth guidance despite closure of Dahej plant
The company reported a healthy 41 per cent growth in consolidated net profit at Rs 189 crore in June quarter on strong performance by packaging film business.
Plant closure for an extended period could have an adverse impact
The stock dipped 5% to Rs 1,690 on the BSE, trading at its lowest level since February 6, 2018.
The stock dipped 11% to Rs 1,997 after the company reported a consolidated net profit of Rs 1.24 billion against an average analyst estimate of Rs 1.41 billion in March quarter.
The stock dipped 8% to Rs 1,420, trading close to its 52-week low of Rs 1,352 hit on Nov 18, 2016
Duty on Chinese exports of R134a gas should improve SRF's capacity utilisation and margins
The stock was down 8% to Rs 1,615 on the BSE in intra-day trade.
On NSE, it jumped 9.72 per cent to touch its one-year peak of Rs 1,688.70
The plant with an annual capacity of 40,000 tonnes is scheduled to be commissioned in December 2017
The stock rallied nearly 9% to Rs 1,670 after the company reported 27% YoY increase in consolidated net profit at Rs 144 crore for the quarter ended June 30, 2016.
The stock surged 7% to Rs 1,437 on the BSE on back of heavy volumes.
The all cash deal was valued at $20 million when both sides made the announcement in December 2014