Morgan Stanley Sets Underweight Rating on SRF with ₹2,177 Target Price
Morgan Stanley has assigned an underweight rating to SRF Limited with a target price of ₹2,177.00 per share. The underweight recommendation indicates the brokerage's cautious outlook on the chemical company's stock performance, suggesting expectations of underperformance relative to broader market indices.
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Morgan Stanley has issued an underweight rating on SRF , setting a target price of ₹2,177.00 per share for the chemical and specialty materials company.
Analyst Rating Details
The global investment bank's underweight recommendation indicates a cautious outlook on SRF's stock performance. An underweight rating typically suggests that analysts expect the stock to underperform relative to the broader market or sector indices.
| Rating Parameter: | Details |
|---|---|
| Brokerage: | Morgan Stanley |
| Rating: | Underweight |
| Target Price: | ₹2,177.00 |
Market Implications
Morgan Stanley's underweight stance on SRF reflects the brokerage's assessment of the company's current market position and future prospects. The target price of ₹2,177.00 provides investors with the analyst's valuation benchmark for the stock.
SRF operates in the chemical and specialty materials sector, manufacturing products including technical textiles, chemicals, and packaging films. The company's performance is typically influenced by factors such as raw material costs, demand dynamics, and global market conditions in the chemical industry.
Historical Stock Returns for SRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.16% | -11.93% | -13.38% | -16.01% | +2.48% | +128.17% |
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