SRF shares delivered flat returns in a year; what should investors do?
SRF's peers such as Gujarat Fluorochemicals shares are down 23%, Deepak Nitrite stock lost 1.05% and Tata Chemicals shares fell 10.45% in a year.
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SRF's peers such as Gujarat Fluorochemicals shares are down 23%, Deepak Nitrite stock lost 1.05% and Tata Chemicals shares fell 10.45% in a year.
Deepak Nitrite Q2 FY24 results: Revenue decreased by 9.36% YoY & profit increased by 17.54% YoY
The rise in net profit was aided by an improved operational performance thanks to easing raw material costs.
Broader indices outperformed the main indices with BSE Midcap and Smallcap indices rising 0.5 percent each.
"We believe 2024 will beckon a shift in investment direction away from agrochemicals. Incumbents will explore new products and markets as the industry retools beyond crop solutions, including, but not limited to, opportunities within the clean energy ecosystem," said the brokerage.