SRF up 5% post Q3 results; rallies 25% so far in January, nears record high

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SRF up 5% post Q3 results; rallies 25% so far in January, nears record high - Business Standard

Quick Summary:

In Fluorochemicals on the other hand the pricing scenario for refrigerant gases, R-22 and R-32, is improving and the company is also expected to benefit from a shortage in the US, especially in R-32 and R-125.

Margin profile for other segments that is packaging and technical textiles continue to remain lumpy, the brokerage firm said in a note.

However, its technical textiles business underperformed due to lower demand and margins in the Belting Fabrics segment.