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SRF Share price: Anand Rathi initiates coverage on SRF with BUY rating and a target price of Rs 6340 per share


SRF Share price: Anand Rathi initiates coverage on SRF with BUY rating and a target price of Rs 6340 per share
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SRF is a chemical-based multi-business conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company’s business is segmented into four segments Technical Textiles Business (TTB), Specialty Chemicals Business (SCB), Packaging Films Business (PFB), and Other Businesses. Anand Rathi initiates coverage on SRF with BUY rating and a target price of Rs 6340 per share.
SRF has operations in four countries namely India, Thailand and South Africa and a new facility in Hungary with commercial interests in more than ninety countries. The company also has its own R&D capabilities globally, especially in the niche domain of chemicals. ....

South Africa , Anand Rathi , Technical Textiles Business , Specialty Chemicals Business , Packaging Films Business , Specialty Chemicals , Belting Fabrics , Hungary Greenfield , ஆனந்த் ரதி , தொழில்நுட்ப ஜவுளி வணிக , சிறப்பு இரசாயனங்கள் வணிக , ப்யாகேஜிஂக் படங்கள் வணிக , சிறப்பு இரசாயனங்கள் , பெல்டிங் துணிகள் , பசி கிரீன்ஃபீல்ட் ,

ADD on SRF - Returning to normalcy - HDFC Securities


ADD on SRF - Returning to normalcy - HDFC Securities
Posted On:
2021-01-25 09:34:18
(Time Zone: Arizona, USA)
Mr. Nilesh Ghuge, Institutional Research Analyst, HDFC Securities & Mr. Harshad Katkar, Institutional Research Analyst, HDFC Securities
We retain our ADD rating on SRF with a target price of INR 6,080 on the back of (1) continued healthy performance from Speciality Chemicals business and Packging Films business, (2) recovery in the Technical Textile segment, (3) strong balance sheet, and (4) deployment of Capex towards high-growth Speciality Chemicals business over 3-4 years to tap the opportunities emerging from the agrochemical and pharmaceutical industry. EBITDA/APAT were 33/43% above estimates, owing to 6% higher revenue and lower-than- anticipated operating expenses and interest costs. ....

United States , Harshad Katkar , Nilesh Ghuge , Institutional Research Analyst , Time Zone , Speciality Chemicals , Packging Films , Technical Textile , Packaging Films , Chemicals Business , Belting Fabrics , ஒன்றுபட்டது மாநிலங்களில் , ஹர்ஷாத் காட்கர் , நிலேஷ் குகே , நிறுவன ஆராய்ச்சி ஆய்வாளர் , நேரம் ஸோந் , சிறப்பு இரசாயனங்கள் , தொழில்நுட்ப ஜவுளி , ப்யாகேஜிஂக் படங்கள் , இரசாயனங்கள் வணிக , பெல்டிங் துணிகள் ,