SRF stock jumps despite chemicals conglomerate reported below-estimate numbers
SRF stock jumps despite chemicals conglomerate reported below-estimate numbers
SRF Share Price: SRF started the trading session on Wednesday (January 31, 2024) on a high note despite the multi-business chemicals conglomerate reported below-estimate results a day ago.
The stock of the chemicals company was up by 1.75 per cent, or Rs 38.95 am, at Rs 2262.00 at 10:37 am on Wednesday.
The company's consolidated profit was down by 50 per cent while its revenue from operations was also down by 12 per cent Year-on-Year (YoY).
SRF Interim Dividend
On Tuesday, it also declared an interim dividend @ 36% i.e. Rs. 3.60 per share on the paid-up equity share capital of the company.
The record date for the dividend is February 7, 2024, Wednesday.
The date of payment of the dividend is February 28, 2024, Wednesday.
The company is expecting its performance will improve in the chemicals business in the January-March quarter.
It is also confident of a significantly improved overall performance in Q4.
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