SRF Stock: Can Lower Chinese R32 Exports and Speciality Chemicals Recovery Drive Further Upside?
India, Sept. 17 -- The shares of this company, which is engaged in manufacturing and selling technical textiles, chemicals, packaging films, aluminum foils, and other polymers, are in the spotlight after rising 3 per cent in today's market session following HSBC'S retained Buy rating, as lower Chinese R32 exports support pricing.
With a market capitalisation of Rs. 75,465 cr, SRF Ltd shares traded at Rs. 2545.85 per share, up 3% in today's session, with a high of Rs. 2,553.65, up from the previous close of Rs. 2,484.90 per share.
HSBC Bullish Case and Target Price
Stockbroker HSBC has been advising on maintaining a "Buy" rating on SRF Ltd with a target price of Rs. 3,300 per share, which translates to a 33% upside potential against i...
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