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