Buy SRF, price target Rs 5,850: IIFL Securities

IIFL Securities has a buy call on SRF Ltd. with a target price of Rs 5850. The current price of SRF Ltd. is Rs 5711.25 . IIFL Securities recommended to keep a stoploss at Rs 5500 .

SRF Ltd., incorporated in the year 1970, is a large cap company with a market cap of Rs 33680.90 crore, operating in diversified sector.

SRF's key products/revenue segments include packaging film, speciality chemicals, nylon tyre cord fabric indus. Yarn fabric, fluorochemicals, chemicals (industrial), laminated fabric, synthetic filament yarn & industrial yarn/tyre cord, export incentives, scrap, other operating revenue, others for the year ending 31-Mar-2020.

For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 2,168.09 crore, up 2.72 per cent from last quarter's total income of Rs 2,110.58 crore and up 16.81 per cent from last year same quarter's total income of Rs 1,856.05 crore. Company has reported net profit after tax of Rs 324.73 crore in latest quarter.