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Prabhudas Lilladher maintains reduce rating for SRF with target price of 2036

Prabhudas Lilladher has maintained a 'REDUCE' rating on SRF, setting a target price of Rs 2,036. The chemicals segment saw an 8% revenue decline in Q2FY25, primarily due to weak agrochemical demand and challenges in the fluorochemicals business, despite a strong domestic refrigerants market. The packaging segment benefited from a 27% revenue increase, but margins are under pressure from cheaper imports in textiles and a demand-supply imbalance in BOPET films.
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SRF Altech Ltd. IND
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07:33 24.10.2024
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