Edelweiss recommended hold rating on SRF with a target price of Rs 1738 in its research report dated February 14, 2017.
Edelweiss' research report on SRF
As we roll over to FY19E, we expect the specialty chemical segment to clock 21% CAGR over FY17-19E driven by improving global agrochemical market. However, the stock still offers limited upside and we would look at upgrading valuations as we see growth coming in. We maintain ‘HOLD’ with SoTP-based TP of INR 1,738.
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