The analyst suggested a stop loss at Rs 3400.
ETMarkets.com|Updated: Jan 01, 2020, 11.52 AM ISTGetty ImagesBuy - sellCK Narayan of Chart Advise has a buy call on SRF Ltd.
with a target price of Rs 3500.
The current price of SRF Ltd.
is Rs 3436.6.
CK Narayan recommended to keep a stop loss at Rs 3400.
SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 19749.44 Crore) operating in diversified sector.
SRF Ltd.
key Products/Revenue Segments include Packaging Film which contributed Rs 1683.83 Crore to Sales Value (26.06 % of Total Sales), Nylon Tyre Cord Fabric Indus.
Yarn Fabric which contributed Rs 1500.22 Crore to Sales Value (23.22 % of Total Sales), Speciality Chemicals which contributed Rs 1039.13 Crore to Sales Value (16.08 % of Total Sales), Fluorochemicals which contributed Rs 991.48 Crore to Sales Value (15.34 % of Total Sales), Chloromethanes which contributed Rs 347.80 Crore to Sales Value (5.38 % of Total Sales) for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1702.17 Crore, down 5.30 % from last quarter sales of Rs 1797.35 Crore and down 1.12 % from last year same quarter sales of Rs 1721.51 Crore.
Company has reported net profit after tax of Rs 301.13 Crore in latest quarter.
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