India's SRF gains on commissioning agrochem intermediates plant

SRF

01/08/2023 09:33

** Shares of SRF Ltd  SRFL.NS  rise as much as 3.82%, their
highest intraday pct gain more than five months
    ** Co commissions a dedicated facility to produce advanced
intermediates for agrochemicals at Dahej in Gujarat
    ** Project capitalised on July 31 at an aggregate cost of
2.56 bln rupees: SRFL
    ** Trading volume at 1.36 mln shares as of 1:50 p.m. IST,
1.7x the 30-day avg - Refinitiv data
    ** Avg rating of 26 analysts close to equivalent of 'buy;'
median PT is 2,600 rupees
    ** Including day's gains, SRFL down 1.58% in 2023 so far
compared 7.20% rise in Nifty Next 50 index  .NN50 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))