SRF looks very strong on the charts, one of the strongest I have recently seen. Fundamentally, a company with a bright and steady future. It can innovate and has demonstrated nimbleness to change for the future.
SRF is a multi-business entity engaged in the manufacture of chemical based industrial intermediates. Today, its business portfolio covers Technical Textiles, Chemicals, Packaging Films and Engineering Plastics. SRF is also active in refrigerant gases and pharmaceutical intermediates. With head quarters in Gurgaon, India, the $550 million company with a global workforce of around 4000 has operations in three more countries, UAE, Thailand and South Africa.
SRF Overseas Ltd. manufactures about 7,500 MT of nylon, polyester and rayon tyre reinforcements annually. Today, the company is a significant player in the Middle East, Europe, America, Africa and South Asia with regular supplies to the leading international tyre manufacturers.
Over the last four years the company has made investments of around Rs. 1250 crore mainly in augmenting and upgrading production facilities in different businesses.
Buy SRF at 418-420 for short term target of 461 and medium term target of 490.
Hi Sir,
ReplyDeleteWhere do u see it going now, it has gone down very sharply. Whats your call on this one, should we hold or should we sell this one.