India's SRF gains; analysts bullish on medium-term growth

SRF

27/02/2025 06:34

** Shares of specialty chemicals maker SRF SRFL.NS rise 2.4% to 2,833.9 rupees

** Emkay Research expects gradual pick up in specialty chemicals volume, driven by stabilization of existing products and incremental contribution from newer products

** Adds medium-term outlook remains strong, aided by firming up of refrigerant gas prices globally

** SRF well-positioned to benefit from agrochemical demand rebound, rising refrigerant prices with its specialty chemicals capex- Emkay

** New product launches in agrochemical and pharmaceutical segments to drive growth in FY26, say analysts at Systematix Institutional Equities

** Avg rating of 27 analysts is a "hold"; median PT is 2,698 rupees - LSEG data

** Stock has gained 24% so far this year

 (Reporting by Ashna Teresa Britto in Bengaluru)

 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))