SRF is currently trading at Rs. 3806.30, up by 47.65 points or 1.27% from its previous closing of Rs. 3758.65 on the BSE.
The scrip opened at Rs. 3799.85 and has touched a high and low of Rs. 3821.85 and Rs. 3768.75 respectively. So far 1681 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 4258.90 on 20-Feb-2020 and a 52 week low of Rs. 2492.20 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 4028.95 and Rs. 3723.90 respectively. The current market cap of the company is Rs. 21604.91 crore.
The promoters holding in the company stood at 52.32%, while Institutions and Non-Institutions held 28.41% and 19.27% respectively.
SRF’s board has given approval for setting up of an additional chloromethane facility at Dahej in Gujarat at a cost of Rs 315 crore. The company’s existing capacity of chloromethane, which is at 95,000 tonnes per annum, is fully utilised. The proposal is to add an extra 1,00,000 tonnes per annum capacity by January 2022. The Rs 315 crore investment required for the project will be raised through a mix of debt and internal accruals for the project. The rationale behind the project is the strategic need to expand the industrial chemicals portfolio.
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.