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SRF surges on getting nod for capital expenditure worth Rs 33 crore

12 Feb 2014 Evaluate

SRF is currently trading at Rs. 221.20, up by 8.40 points or 3.95 % from its previous closing of Rs. 212.80 on the BSE.

The scrip opened at Rs. 215.00 and has touched a high and low of Rs. 221.45 and Rs. 214.20 respectively. So far 5941 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 238.45 on 02-Dec-2013 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. 219.00 and Rs. 199.65 respectively. The current market cap of the company is Rs. 1221.91 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 received an approval for capital expenditure of approximately Rs 33 crore. The board of directors at its meeting held on February 11, 2014 has approved for the same.

The board approved Rs 11 crore capex for augmenting production facility for specialty chemicals at the company’s Chemical Complex in Dahej, Gujarat. The board also approved Rs 22 crore capex for augmenting quality of power for Gwalior unit of Technical Textile Business.

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.

 

SRF Share Price

2493.65 -9.40 (-0.38%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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