Investors brush aside tariff, margin concerns for SRF; stock rebounds

The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions

After a 10 per cent fall over the last few trading sessions, the stock of India’s largest specialty chemicals maker by market capitalisation, SRF, recovered on Friday gaining 5 per cent and then going up by over a per cent after the twin market sessions of Monday and Tuesday to end at Rs 2198.75 apiece. The stock has been under pressure on concerns related to demand, its ability to sustain margins and increased competitive pressures due to policy decisions.

Surya Patra of PhillipCapital India Research highlights three uncertain macro developments which will make the near-term outlook of the global chemical