SRF jumps on receiving approval to set up another specialty chemical plant at Dahej

 

   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.
     SRF has received an approval for setting up of another specialty chemical plant at SRF’s Chemical Complex in Dahej, Gujarat, at an approximate cost of Rs 113 crore. The board of director at its meeting held on August 04, 2014 has approved for the same.
     The promoters holding in the company stood at 52.38% while Institutions and Non-Institutions held 23.73% and 23.89% respectively.
     The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 702.45 on 05-Aug-2014 and a 52 week low of Rs. 125.55 on 05-Aug-2013.

     Last one week high and low of the scrip stood at Rs. 702.45 and Rs. 536.00 respectively. The current market cap of the company is Rs. 3,916.00 crore.

     The scrip opened at Rs. 651.00 and has touched a high and low of Rs. 702.45 and Rs. 651.00 respectively. So far 69,000 shares were traded on the counter.

     SRF is currently trading at Rs. 675.15 up by 89.75 points or 15.33% from its previous closing of Rs. 585.40 on the BSE.