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Buy SRF, price target Rs 3,400: CK Narayan

The analyst suggested a stoploss at Rs 3250 .

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Last Updated: Dec 16, 2019, 12.18 PM IST|Original: Dec 16, 2019, 12.16 PM IST
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SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 18980.92 Crore) operating in Diversified sector.
CK Narayan of Chart Advise has a buy call on SRF Ltd. with a target price of Rs 3400.0 . The current price of SRF Ltd. is Rs 3290.0 . CK Narayan recommended to keep a stoploss at Rs 3250 .

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 18980.92 Crore) operating in Diversified sector.

SRF Ltd. key Products/Revenue Segments include Packaging Film which contributed Rs 1683.83 Crore to Sales Value (26.06 % of Total Sales), Nylon Tyre Cord Fabric Indus. Yarn Fabric which contributed Rs 1500.22 Crore to Sales Value (23.22 % of Total Sales), Speciality Chemicals which contributed Rs 1039.13 Crore to Sales Value (16.08 % of Total Sales), Fluorochemicals which contributed Rs 991.48 Crore to Sales Value (15.34 % of Total Sales), Chloromethanes which contributed Rs 347.80 Crore to Sales Value (5.38 % of Total Sales), Laminated Fabric which contributed Rs 265.55 Crore to Sales Value (4.11 % of Total Sales), Nylon Compounding Chips which contributed Rs 252.62 Crore to Sales Value (3.91 % of Total Sales), Synthetic Filament Yarn & Industrial Yarn/Tyre Cord which contributed Rs 216.14 Crore to Sales Value (3.34 % of Total Sales), Export Incentives which contributed Rs 112.70 Crore to Sales Value (1.74 % of Total Sales), Scrap which contributed Rs 34.78 Crore to Sales Value (0.53 % of Total Sales), Waste (Others) which contributed Rs 13.54 Crore to Sales Value (0.20 % of Total Sales), Other Operating Revenue which contributed Rs 1.55 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1702.17 Crore, down -5.30 % from last quarter Sales of Rs 1797.35 Crore and down -1.12 % from last year same quarter Sales of Rs 1721.51 Crore Company has reported net profit after tax of Rs 301.13 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 G Gujarathi, Mr.Puneet Yadu Dalmia, Mr.Tejpreet S Chopra, Mr.Vellayan Subbiah, Mr.Yash Gupta, Ms.Bharti Gupta Ramola. Company has BSR & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 57,480,500 shares outstanding.

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