SRF jumps on getting nod to produce intermediates for Agrochemicals at Dahej Plant
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SRF is currently trading at Rs. 2211.90, up by 100.00 points or 4.74% from its previous closing of Rs. 2111.90 on the BSE.
The scrip opened at Rs. 2150.75 and has touched a high and low of Rs. 2274.45 and Rs. 2150.75 respectively. So far 57206 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2773.00 on 08-Apr-2022 and a 52 week low of Rs. 1240.00 on 12-May-2021.
Last one week high and low of the scrip stood at Rs. 2483.10 and Rs. 2100.15 respectively. The current market cap of the company is Rs. 65212.63 crore.
The promoters holding in the company stood at 50.73%, while Institutions and Non-Institutions held 28.32% and 20.95% respectively.
SRF’s board has approved project for dedicated facilities to produce intermediates for Agrochemicals in the New Plant Structure at Dahej at a cost of Rs 115 crore to meet the demands of the customers. The Board of Directors of the company at its meeting held on May 09, 2022 has approved the same.
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.
