Nuvama Maintains Buy Rating on SRF, Revises Target Price to ₹3,584
Nuvama Securities has maintained its Buy rating on SRF while revising the target price to ₹3,584.00 from ₹3,841.00. The brokerage continues to view the stock positively despite the downward price adjustment, indicating sustained confidence in the company's investment potential.
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Nuvama Securities has maintained its Buy recommendation on SRF while revising the target price to ₹3,584.00 from the previous target of ₹3,841.00. The brokerage firm's decision to retain the positive rating indicates continued confidence in the company's business prospects despite the downward adjustment in the price target.
Target Price Revision Details
The revised recommendation shows a reduction in the target price, representing a decrease from the earlier assessment. Despite this adjustment, Nuvama's analysts continue to view the stock favorably, maintaining their Buy rating.
| Parameter: | Details |
|---|---|
| Current Rating: | Buy |
| Revised Target Price: | ₹3,584.00 |
| Previous Target Price: | ₹3,841.00 |
| Price Adjustment: | Downward revision |
Investment Outlook
The maintained Buy rating suggests that Nuvama Securities believes SRF remains an attractive investment opportunity at current levels. The target price revision may reflect updated market conditions, company fundamentals, or sector-specific factors that influenced the analyst's valuation methodology.
Investors typically consider such brokerage recommendations as part of their investment decision-making process, though individual investment choices should be based on comprehensive analysis and personal financial objectives.
Historical Stock Returns for SRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.93% | -11.72% | -13.17% | -15.81% | +2.73% | +128.72% |
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