ADD on SRF - Returning to normalcy - HDFC Securities
ADD on SRF - Returning to normalcy - HDFC Securities Posted On: 2021-01-25 09:34:18 (Time Zone: Arizona, USA) Mr. Nilesh Ghuge, Institutional Research Analyst, HDFC Securities & Mr. Harshad Katkar, Institutional Research Analyst, HDFC Securities We retain our ADD rating on SRF with a target price of INR 6,080 on the back of (1) continued healthy performance from Speciality Chemicals business and Packging Films business, (2) recovery in the Technical Textile segment, (3) strong balance sheet, and (4) deployment of Capex towards high-growth Speciality Chemicals business over 3-4 years to t...
Source: equitybulls.com