Stock Market

Buy SRF, target Rs 2210: Dr CK Narayan

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Dr CK Narayan of Chart Advise has a buy call on SRF Ltd.

with a target price of Rs 2210.

The current market price of SRF Ltd.

is Rs 2182.8.

Time period given by the analyst is Intra Day when SRF Ltd.

price can reach the defined target.

Dr CK Narayan recommended to keep stoploss at Rs 2160.

SRF Ltd., incorporated in 1970, is a midcap company with a market cap of Rs 12546.84 crore. SRF Ltd.

key Products/Revenue Segments include Nylon Tyre Cord Fabric Indus.

Yarn Fabric which contributed Rs 1333.36 Crore to Sales Value (28.50 % of Total Sales), Packaging Film which contributed Rs 1057.45 Crore to Sales Value (22.60 % of Total Sales), Fluorochemicals which contributed Rs 764.95 Crore to Sales Value (16.35 % of Total Sales), Speciality Chemicals which contributed Rs 571.73 Crore to Sales Value (12.22 % of Total Sales), Laminated Fabric which contributed Rs 254.42 Crore to Sales Value (5.43 % of Total Sales), Nylon Compounding Chips which contributed Rs 215.04 Crore to Sales Value (4.59 % of Total Sales), Synthetic Filament Yarn Industrial Yarn/Tyre Cord which contributed Rs 164.56 Crore to Sales Value (3.51 % of Total Sales), Chloromethanes which contributed Rs 132.30 Crore to Sales Value (2.82 % of Total Sales), Traded Goods which contributed Rs 69.41 Crore to Sales Value (1.48 % of Total Sales), Export Incentives which contributed Rs 44.87 Crore to Sales Value (0.95 % of Total Sales), Waste (Others) which contributed Rs 40.65 Crore to Sales Value (0.86 % of Total Sales), Scrap which contributed Rs 18.16 Crore to Sales Value (0.38 % of Total Sales), Other Operating Revenue which contributed Rs 10.29 Crore to Sales Value (0.22 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1881.57 Crore, up 9.53 % from last quarter Sales of Rs 1717.79 Crore and up 48.16 % from last year same quarter Sales of Rs 1269.98 Crore Company has reported net profit after tax of Rs 151.20 Crore in latest quarter.

The company’s top management includes Dr.Meenakshi Gopinath, Mr.Arun Bharat Ram, Mr.Ashish Bharat Ram, Mr.Kartik Bharat Ram, Mr.Lakshman Lakshminarayan, Mr.Pramod Bhasin, Mr.Pramod G Gujarathi, Mr.Tejpreet S Chopra, Mr.Vellayan Subbiah, Mr.Vinayak Chatterjee.

Company has BSR Co.

LLP as its auditoRs As on 30-09-2018, the company has a total of 57,480,500 shares outstanding.




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Category: Stock Market


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