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SRF strengthens on commissioning Chemical Complex at Gujarat

04 Apr 2014 Evaluate

SRF is currently trading at Rs. 352.00, up by 5.80 points or 1.68% from its previous closing of Rs. 346.20 on the BSE.

The scrip opened at Rs. 349.00 and has touched a high and low of Rs. 358.35 and Rs. 348.00 respectively. So far 44160 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 372.80 on 02-Apr-2014 and a 52 week low of Rs. 125.55 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 372.80 and Rs. 331.50 respectively. The current market cap of the company is Rs. 2032.40 crore.

The promoters holding in the company stood at 52.38% while Institutions and Non-Institutions held 20.20% and 27.42% respectively.

SRF has commissioned and capitalized its Chemical Complex located at Dahej in state of Gujarat on March 31, 2014. The said complex has Captive-Power-Plant (15 MW), HFC-134a/125 plant (12500 TPA), AHF-Plant (20000 TPA), Specialty Chemical Plant (800 TPA) and Specialty chemicals Plant for agrochemical industry (500 TPA).

SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.

Peers
Company Name CMP
Godrej Industries 1107.45
SRF 2561.00
BASF India 3607.50
Pidilite Inds. 1566.10
Tata Chemicals 693.50
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