SRF inches up on incorporating wholly-owned subsidiary
SRF is currently trading at Rs. 2426.60, up by 4.00 points or 0.17% from its previous closing of Rs. 2422.60 on the BSE.
The scrip opened at Rs. 2420.05 and has touched a high and low of Rs. 2462.20 and Rs. 2420.05 respectively. So far 1225 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2636.65 on 09-May-2023 and a 52 week low of Rs. 2050.00 on 25-Jul-2023.
Last one week high and low of the scrip stood at Rs. 2490.95 and Rs. 2403.20 respectively. The current market cap of the company is Rs. 71811.88 crore.
The promoters holding in the company stood at 50.53%, while Institutions and Non-Institutions held 34.12% and 15.36% respectively.
SRF has incorporated a wholly-owned subsidiary by the name of SRF Middle East LLC. The Commercial license for the wholly owned subsidiary was issued on March 12, 2024 by Department of Economy and Tourism, Government of Dubai. The Wholly owned subsidiary was incorporated for trading in refrigerant gases.
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.
