India's SRF rises after Antique initiates coverage with 'buy'

SRF

15/10/2025 07:53

** Shares of chemicals and polymers maker SRF SRFL.NS rise 2.4% to 3,118 rupees

** Brokerage Antique initiates coverage of the stock with a 'buy' rating, TP of 3,540 rupees

** Expects a 15%/36% revenue/PAT CAGR over FY25-28 led by a strong growth in the specialty chemicals segment

** Says co is a leader in refrigerant gases and has carved a niche in high-margin fluoro-specialty chemicals, backed by strong R&D and manufacturing capabilities

** Adds, integrated fluorination and production strengths, along with robust governance and sustainability practices, position it well for long-term growth

** Avg rating of 24 analysts covering the stock is "buy"; median PT is 3,114 rupees - data compiled by LSEG

** SRFL up 40% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))