Buy SRF, target Rs 1,755: Dr CK Narayan
ETMarkets.com|
Nov 13, 2017, 08.53 AM IST
Dr CK Narayan of Chart Advise has a buy call on SRF with a target price of Rs 1,755.
The current market price of SRF is Rs 1,731.95.
Time period given by the analyst is intraday when SRF price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 1,715.
SRF, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 9,944.94 Crore) operating in Textiles sector.
SRF key Products/Revenue Segments include Nylon Tyre Cord Fabric Indus. Yarn Fabric which contributed Rs 1,369.34 Crore to Sales Value (32.62 per cent of Total Sales), Packaging Film which contributed Rs 716.80 Crore to Sales Value (17.07 per cent of Total Sales), Speciality Chemicals which contributed Rs 606.14 Crore to Sales Value (14.43 per cent of Total Sales), Fluorochemicals which contributed Rs 592.70 Crore to Sales Value (14.11 per cent of Total Sales), Nylon Compounding Chips which contributed Rs 221.51 Crore to Sales Value (5.27 per cent of Total Sales), Laminated Fabric which contributed Rs 170.25 Crore to Sales Value (4.05 per cent of Total Sales), Chloromethanes which contributed Rs 164.72 Crore to Sales Value (3.92 per cent of Total Sales), Synthetic Filament Yarn & Industrial Yarn/Tyre Cord which contributed Rs 158.86 Crore to Sales Value (3.78 per cent of Total Sales), Traded Goods which contributed Rs 73.96 Crore to Sales Value (1.76 per cent of Total Sales), Waste (Others) which contributed Rs 44.43 Crore to Sales Value (1.05 per cent of Total Sales), Export Incentives which contributed Rs 44.00 Crore to Sales Value (1.04 per cent of Total Sales), Other Operating Revenue which contributed Rs 25.81 Crore to Sales Value (0.61 per cent of Total Sales), Scrap which contributed Rs 9.30 Crore to Sales Value (0.22 per cent of Total Sales)for the year ending 31-Mar-2017.
The company's top management includes Dr.Meenakshi Gopinath, Mr.Arun Bharat Ram, Mr.Ashish Bharat Ram, Mr.Kartik Bharat Ram, Mr.Lakshman Lakshminarayan, Mr.Pramod Bhasin, Mr.Pramod G Gujarathi, Mr.Tejpreet S Chopra, Mr.Vellayan Subbiah, Mr.Vinayak Chatterjee.
Company has Deloitte Haskins & Sells as its auditors.
As on 30-09-2017, the company has a total of 57,420,500 shares outstanding.
The current market price of SRF is Rs 1,731.95.
Time period given by the analyst is intraday when SRF price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 1,715.
SRF, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 9,944.94 Crore) operating in Textiles sector.
SRF key Products/Revenue Segments include Nylon Tyre Cord Fabric Indus. Yarn Fabric which contributed Rs 1,369.34 Crore to Sales Value (32.62 per cent of Total Sales), Packaging Film which contributed Rs 716.80 Crore to Sales Value (17.07 per cent of Total Sales), Speciality Chemicals which contributed Rs 606.14 Crore to Sales Value (14.43 per cent of Total Sales), Fluorochemicals which contributed Rs 592.70 Crore to Sales Value (14.11 per cent of Total Sales), Nylon Compounding Chips which contributed Rs 221.51 Crore to Sales Value (5.27 per cent of Total Sales), Laminated Fabric which contributed Rs 170.25 Crore to Sales Value (4.05 per cent of Total Sales), Chloromethanes which contributed Rs 164.72 Crore to Sales Value (3.92 per cent of Total Sales), Synthetic Filament Yarn & Industrial Yarn/Tyre Cord which contributed Rs 158.86 Crore to Sales Value (3.78 per cent of Total Sales), Traded Goods which contributed Rs 73.96 Crore to Sales Value (1.76 per cent of Total Sales), Waste (Others) which contributed Rs 44.43 Crore to Sales Value (1.05 per cent of Total Sales), Export Incentives which contributed Rs 44.00 Crore to Sales Value (1.04 per cent of Total Sales), Other Operating Revenue which contributed Rs 25.81 Crore to Sales Value (0.61 per cent of Total Sales), Scrap which contributed Rs 9.30 Crore to Sales Value (0.22 per cent of Total Sales)for the year ending 31-Mar-2017.
The company's top management includes Dr.Meenakshi Gopinath, Mr.Arun Bharat Ram, Mr.Ashish Bharat Ram, Mr.Kartik Bharat Ram, Mr.Lakshman Lakshminarayan, Mr.Pramod Bhasin, Mr.Pramod G Gujarathi, Mr.Tejpreet S Chopra, Mr.Vellayan Subbiah, Mr.Vinayak Chatterjee.
Company has Deloitte Haskins & Sells as its auditors.
As on 30-09-2017, the company has a total of 57,420,500 shares outstanding.
