Indian chemicals maker SRF falls on Q2 profit drop

SRF

22/10/2024 11:13

** Shares of SRF  SRFL.NS  closed 4.4% lower at 2,182
rupees, their sharpest drop since May 7
    ** The chemicals and polymers maker's Q2 PAT falls 33% Y/Y
led by a 14% surge in expenses, even as revenue rises 7%
    ** Analysts' avg rating on stock is "hold;" their median PT
is 2372 rupees - LSEG
    ** Stock down 12% YTD

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))