Buy SRF, target price Rs 2765: JM Financial

JM Financial has buy call on SRF with a target price of Rs 2765. The current market price of SRF is Rs 2304.55.
Time period given by analyst is one year when SRF price can reach defined target.

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 68421.38 Crore) operating in Diversified sector.


SRF Ltd. key Products/Revenue Segments include Chemicals (Industrial), Packaging Film, Textiles, Others for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 3556.65 Crore, up 5.96 % from last quarter Total Income of Rs 3356.54 Crore and up 35.72 % from last year same quarter Total Income of Rs 2620.61 Crore. Company reported net profit after tax of Rs 605.65 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 50.73 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.6 per cent, DIIs 8.71 per cent.