Add SRF, target price Rs 2595: HDFC Securities

HDFC Securities has add call on SRF with a target price of Rs 2595. The current market price of SRF is Rs 2322.35 Time period given by analyst is one year when SRF Ltd. price can reach defined target.

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 13853.01 Crore) operating in Diversified sector.

SRF Ltd. key Products/Revenue Segments include Chemicals (Industrial), Packaging Film, Textiles, Others for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2713.18 Crore, up 3.53 % from last quarter Total Income of Rs 2620.61 Crore and up 74.45 % from last year same quarter Total Income of Rs 1555.25 Crore. Company reported net profit after tax of Rs 395.28 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 50.77 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.18 per cent, DIIs 10.42 per cent.