Buy SRF, target price Rs 3000: JM Financial

Buy SRF, target price Rs 3000: JM Financial
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Synopsis

SRF Ltd. key Products/Revenue Segments include Chemicals (Industrial), Packaging Film, Textiles, Others for the year ending 31-Mar-2022.

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Promoters held 50.73 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.6 per cent, DIIs 8.71 per cent.
has buy call on SRF with a target price of Rs 3000. The current market price of . is Rs 2528.65 Time period given by analyst is one year when SRF Ltd. price can reach defined target.

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 75144.21 Crore) operating in Diversified sector.

SRF Ltd. key Products/Revenue Segments include Chemicals (Industrial), Packaging Film, Textiles, Others for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3904.57 Crore, up 9.78 % from last quarter Total Income of Rs 3556.65 Crore and up 43.91 % from last year same quarter Total Income of Rs 2713.18 Crore. Company reported net profit after tax of Rs 608.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 50.73 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.6 per cent, DIIs 8.71 per cent.
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