SRF LtdTarget Mentioned in chart
OLD chart
FUNDAMENTALS
Market Cap
₹ 76,775 Cr.
Current Price
₹ 2,590
High / Low
₹ 2,637 / 2,040
Stock P/E
52.0
Book Value
₹ 366
Dividend Yield
0.28 %
ROCE
22.4 %
ROE
22.8 %
Face Value
₹ 10.0
Price to book value
7.09
Intrinsic Value
₹ 1,114
PEG Ratio
1.44
Price to Sales
5.75
Debt
₹ 4,976 Cr.
Debt to equity
0.46
Int Coverage
8.13
Reserves
₹ 10,554 Cr.
Promoter holding
50.5 %
Pledged percentage
0.00 %
EPS last year
₹ 73.0
Net CF
₹ 158 Cr.
Price to Cash Flow
26.5
Free Cash Flow
₹ 49.8 Cr.
OPM last year
23.7 %
Return on assets
12.5 %
Industry PE
30.2
Sales growth
-8.84 %
SRF trade ideas
SRF might be a good long-term investment-Entry Above- 2550,
Target-3120,
SL- 2340,
SRF might be a good long-term investment because:
Lots of businesses : Makes money from different areas like chemicals and fabrics, so if one area slows down, the others might keep going well.
Leader in chemicals & growing : They're big in refrigerants and making new chemicals for medicine and farming, and they keep inventing new stuff.
Selling worldwide: They already sell in many countries and are looking for more, so they have more chances to make money.
Big investment plans : They're putting a lot of money into growing their chemical and film businesses, which shows they think they'll do well.
Always improving: They're launching new products, making more stuff, and getting better at what they do.
But remember, do more research before you invest. Talk to a financial advisor too!
SRF - will its tested consolidation bear fruit?Price is contained around 2000-2500 range for more than 3 years now. It could have broken out earlier but the financials are not favourable for that to happen.
Despite the negative quarters for SRF price is still holding its range — this hints that: market is waiting for positive news and any little positive can bring rush in price movement!
Since Management is expecting a recovery in 4QFY24 — if it happens I can visualise the price action as shown in the chart.
SRFOn purely technical analysis it looks like 2x to 3x on the cards fr SRF, tested 2098 level multiple times and creating penant pattern on chart, pole length started from approx 1030 level, so target for breakout of penant pattern is coming around 5600. On daily chart has already broken important level of 2362, for which immediate target is coming at 2477.
SRF Bearish Stock completely traded in a sideways channel
Price below all moving averages
Macd Bearish
RSI Bearish
Result weak, sentiments very Bearish.
Stock in downtrend, more weakness if the break yesterday day low.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
SRF ( HAMMER CANDLE ON WEEKLY TIME FRAME)My favorite candle on weekly time frame of srf. Also this candle works well on support trade purely on this candle basis. candle low will be sl. and target will be near 2700.
it has gud potential upside target. follow strick sl & proper risk reward ratio. this is the only holy grail in the market.
In & Out - Swing Trade SRF shorting Opportunity
Scenario 1
If Stock opens (neutral or Upside) and moves up then wait for the strong resistance , once resistance confirmed then go for shorting.
Scenario 2
If Stock opens bearish and started moving towards downside then wait for the stock to make lower high and lower low pattern and then enter when the stock makes retracement.
SL - Above 2477
SRF Bullish StructureSRF looks strong on charts. Closed above Triangle on weekly time frame. Target would be 2800 in next 2-3 Months.
Note: It is not at all the buying recommendation and this stock is in my portfolio and there is a high probability that my analysis is biased and could be possible my analysis will go wrong.