SRF Stock

Company has increased capex for the business to tap into new opportunities

This could aid overall profitability, even though other segments may see margin moderation

While there are multiple positives across SRF's key segments, investors should await for a better opportunity to enter the stock

Q3 performance was led by strong demand/realisations in the chemicals business

Q3 performance was led by strong demand/realisations in the chemicals business

Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close

Gains from multiple triggers are factored in valuations which limits upsides

The stock hit a new high of Rs 8,535.95 as shares rallied 8 per cent on the BSE in intra-day trade on Friday

Given the valuation worries, investors should await further correction before considering the stock

Continued demand momentum in packaging and films segment add to the optimism

EBITDA margins expanded 840 basis points to 27.7 per cent, driven by technical textiles and packaging businesses.

Given the essential nature of production, some plants are exempted from the lockdown

Technical textiles unit, however, could face some pressure

Much of the Shriram empire may have shrunk from early glory days but his SRF is going great guns

In the fluorochemicals business, the company, a domestic leader in refrigerant gases, will benefit from rising use of air conditioners and refrigerators