Buy SRF, target price Rs 3000: JM Financial

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

By ETMarkets.com | Oct 14, 2022, 11.15 AM IST

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.

JM Financial has buy call on SRF with a target price of Rs 3000. The current market price of SRF Ltd. is Rs 2528.65 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 75144.21 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 30-06-2022, the company reported a Consolidated Total Income of Rs 3904.57 Crore, up 9.78 % from last quarter Total Income of Rs 3556.65 Crore and up 43.91 % from last year same quarter Total Income of Rs 2713.18 Crore. Company reported net profit after tax of Rs 608.00 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.

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