ruelfernandes

SRF - Long idea

Long
NSE:SRF   SRF LTD
Business line - Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles and Coated and Laminated Fabrics.
Chemicals Business generates about 43% of revenues.
2 components of Chemical business = Fluorochemicals & Speciality Chemicals
Packaging Films Business generates around 40% of revenues.
Technical Textiles Business generates around 14% of revenues.
Coated and Laminated Fabrics generates around 3% of revenues.
Presence in 90+ countries across the world.`
Market cap of 64,967 Cr

*** The demand for specialty chemicals is expected to rise at a 12% CAGR by FY 22
*** Fluorochemicals Market size expected to reach 70 bn by FY 24


SRF has it major revenues being generated from the above mentioned industries, which are poised for a good growth.
The stock looks to completely move out of its support area and has shown strength in buying.
Expected good returns on a long term perspective.

Immediate Target price - 2538

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.