SRF shares rally over 4% as Q3 profit surpasses market expectations

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SRF Limited's stock rose 4.2% after it reported a better-than-expected third-quarter profit driven by strong demand in its chemical business. The consolidated net profit rose marginally to ₹510.90 crore and the stock is currently trading 8.69% above its 52-week low.

SRF gains traction but can it rise more? Here's what 3 brokerages say

Kotak Institutional Equities retained a 'buy' call on the stock with a target price of ₹2,830 after the brokerage firm met SRF’s top management team on August 30.

<ul><li>Kotak Institutional Equities retained a 'buy' call on the stock with a target price of ₹2,830 after the brokerage firm met SRF’s top management team on August 30.</li></ul>

SRF: Capacity expansion to expand revenue visibility over the long term

SRF received an approval for the project for capacity expansion and modernization of Belting Fabric Operations at a cost of Rs. 162 crores.

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SRF shares rally over 4% as Q3 profit surpasses market expectations

markets

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