Jefferies Issues Underperform Rating on SRF with ₹2,640 Target Price
Jefferies has assigned an underperform rating to SRF with a target price of ₹2,640.00 per share. The rating reflects the brokerage's cautious outlook on the specialty chemicals manufacturer's near-term stock performance. This assessment suggests Jefferies expects SRF shares to underperform relative to market or sector expectations.
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SRF has received an underperform rating from global brokerage firm Jefferies, which has set a target price of ₹2,640.00 per share for the specialty chemicals manufacturer.
Brokerage Assessment
The underperform rating from Jefferies indicates the brokerage's expectation that SRF's stock may face headwinds in the near term. This rating typically suggests that the analyst believes the stock will perform below market expectations or sector averages.
| Rating Details: | Information |
|---|---|
| Brokerage: | Jefferies |
| Rating: | Underperform |
| Target Price: | ₹2,640.00 |
Market Implications
The target price of ₹2,640.00 represents Jefferies' assessment of the fair value for SRF shares based on their analysis of the company's fundamentals and market conditions. An underperform rating generally reflects concerns about the company's near-term prospects or valuation metrics.
SRF operates in the specialty chemicals sector, manufacturing a diverse range of products including technical textiles, chemicals, and packaging films. The company's performance is typically influenced by factors such as raw material costs, demand patterns, and global economic conditions.
Historical Stock Returns for SRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.95% | -11.74% | -13.19% | -15.82% | +2.71% | +128.68% |
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