Technical and Sentimental analysis of SRF share price on 30th July 2021

SRF share price analysis

MACD indicator gives Buy call

9 day EMA of the MACD line (257.09) is greater than MACD line ((223.45)). This indicates the stock likely to go up.
Accumulate

RSI indicates Over Bought zone

RSI(14) value is 80.45, which is greater than 80 and indicates Over Bought zone. You should look for sell opportunities
Look for Sell

Recent brokerage reports

Broker Date Price on reported date Recommendation Target price Current price Target %Change Current %Change Possible %Change
Edelweiss 2021/05/09 6299.4 Buy 7215 8658.7 14.53% 37.45% -16.67%
HDFC Securities 2021/05/07 6279.15 Accumulate 7300 8658.7 16.26% 37.9% -15.69%
Nirmal Bang Institutional 2021/05/07 6279.15 Accumulate 6600 8658.7 5.11% 37.9% -23.78%
Motilal Oswal 2021/05/06 6279.15 Neutral 6336 8658.7 0.91% 37.9% -26.83%
Buy - 3 ...... Sell - 0 ..... Hold - 1 6862.75 8658.7 9.2% 37.79% -20.74%

Recent news

Date Description
2021-07-30 SRF rallies 8% on strong Q1 performance; market-cap zooms past Rs 50,000 cr
2021-07-30 SRF Q1 Review - All Growth Engines Firing: Dolat Capital
2021-07-29 SRF makes changes in key managerial personnel, appoints Arun Bharat Ram as Chairman Emeritus; Stock nears record highs
2021-07-29 SRF Q1 PAT climbs 123% yoy to Rs395cr, revenue rises 75%; Stock up 1%
2021-07-29 SRF Executive Chairman and Director to step down
2021-07-29 SRF board nods expansion of Fluorocarbon Refrigerant Gas capacity at an estimated cost of Rs550cr
2021-07-28 SRF Consolidated June 2021 Net Sales At Rs 2,699.40 Crore, Up 74.7% Y-o-Y
2021-07-28 SRF consolidated net profit rises 123.21% in the June 2021 quarter
2021-07-28 Chemical stock up over 100% in a year, hits new high after Q1 results
2021-07-28 SRF standalone net profit rises 167.25% in the June 2021 quarter
2021-07-28 SRF spurts after Q1 PAT jumps 123% YoY
2021-07-22 SRF stock hits new 52-week high after commissioning BOPP film line project in Thailand for $50.5M
2021-07-21 SRF subsidiary commissions BOPP film line in Thailand
2021-06-22 Lockheed Martin F-35 leads in fighter jet evaluation: Swiss broadcaster SRF
2021-05-25 Accumulate SRF; Target Of Rs 7179: Dolat Capital Market
2021-05-23 Karnataka puts in place SMS-based Remdesivir allocation and information system to check misuse
2021-05-22 Odisha launches website to check Covid test status at home
2021-05-21 SRF: Superior Execution Continues For Speciality; Add Stock On Decline
2021-05-20 Ashish Bharat Ram, MD of SRF, joins Havells Indias board of directors
2021-05-20 SRF commissions part of Rs 238 cr specialty chemicals plant project

Summary

After analysing Technicals, Brokerage reports and News, we recommend
Hold

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