Motilal Oswal has given a catch rating to SRF with a target mark of Rs 5170. The half mark moved down by 0.57 per cent from its outdated close of Rs 4323.15. The stock’s closing traded mark is Rs 4298.35.
SRF Ltd., integrated within the year 1970, is a Neat Cap firm (having a market cap of Rs 24853.99 Crore) operating in Assorted sector.
For the quarter ended 30-06-2020, the firm reported a Consolidated gross sales of Rs 1513.12 Crore, down 16.87 % from closing quarter Sales of Rs 1820.28 Crore and down -15.81 % from closing year same quarter Sales of Rs 1797.35 Crore Company has reported uncover earnings after tax of Rs 177.09 Crore in most up-to-date quarter.
The brokerage values SRF on an SOTP foundation to reach at Sep’22E target mark of INR5,170.
Promoters held 52.3 per cent stake within the firm as of Jun 30, 2020, whereas FIIs held 17.1 per cent, DIIs 11.3 and public and others 19.3 per cent.