JM Financial Ascribes Buy Rating To Specialty Chemicals Stock, Target Price Rs 2985

JM Financial has recommended investors to buy top specialty chemicals sector stock, SRF Ltd with target price of Rs 2985 apiece. Current market price of SRF is Rs 2361.15 apiece. If you buy SRF shares now, you can get likely upside of 26%. Check details below:

SRF Ltd Stock Performance: Current market price of SRF share is Rs 2361.15 apiece with intraday fall of 0.58% on BSE. The stock's 52-week high price is Rs 2864.35 apiece and 52-week low price is Rs 2002.50 apiece, respectively. Its market capitalisation is Rs 69,990.35 crore.

SRF Ltd Return & Financial Outlook: The stock declined 12% in last 1-year, gave return of 93% in last 2-years, 343% return in last 3-years, and 479% return in last 5-years. It jumped by 6615 in last 10-years.

The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 3,479.67 crore, down 7.47 % from last quarter total income of Rs 3,760.52 crore. It declared its net profit after tax at Rs 510.90 crore in latest quarter.

SRF Ltd About: Since SRF's incorporation in 1970 and the subsequent establishment of its first plant in Manali, near Chennai, it has grown from being a single unit tyre cord manufacturer into a leading, professionally-managed, diversified chemicals conglomerate. Its vast range of products and solutions are sold worldwide. These are used in varied applications and segments: from tyres to air conditioners, mines to cricket grounds, automotive to household appliances, food packaging to raw materials for pharmaceuticals, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of JM Financial. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.