SRF has promising outlook: Reasons why it is this week's stock pick

Helped by lower tax rate and strong performance of the chemicals and packaging segment, SRF reported a robust set of numbers for the fourth quarter of 2021-22. The reported net profit of `606 crore was 5.6% higher than the consensus estimate of analysts compiled by Bloomberg. Its operating profit and net profit grew 47% and 59% y-o-y respectively. The company’s EBIT margins also improved in the fourth quarter as it was able to partially pass