multibagger stock srf share price today The morning session gained over 6 per cent after the news of joining the Nifty Next 50 index. According to Information available on NSEThe Index Maintenance Sub-Committee – Equity (IMSC) of NSE Index Limited has decided to include SRF shares in Nifty Next 50 Index and Nifty 100 Index. The move is part of its periodic review and the inclusion will be effective from March 31, 2022.
SRF share price today close. open with upper gap of 84 per share and K went to its intraday high 2413.85 each level, up more than 6 percent from Thursday’s close 2271.40 level on NSE. According to stock market experts, technical breakout is expected above this counter 2450 each level and it can go up 2600 level in the short term.
SRF Share Price Targets for Positional Investors
Speaking on the reason for the increase in SRF share price; Ravi Singhal, Vice Chairman, GCL Securities said, “The announcement of inclusion of SRF stocks in Nifty Next 50 Index and Nifty 100 Index is a short-term sentiment which is fueling the uptrend in chemical stocks. Besides, chemical stocks have traditionally been Lets give better quarterly numbers. In Q4 as compared to Q3. So, the market is expecting SRF Ltd to follow this tradition. In fact, if we go by the tradition, Q1 and Q2 are expected in the next financial year. The numbers will be more better than Q4 of the current financial year. Hence, SRF shares are expected to outperform their recent performance in the upcoming trading sessions and one can add this multibagger stock to their portfolio.”
Recommending positional investors to buy SRF shares; Sumeet Bagadiya, Executive Director, Choice Broking said, “The stock is bouncing back from its lows and may give a technical breakout above. 2450 based on closing. Multibagger stock can give a sharp bounce and go up after a breakout on the technical chart pattern 260 per share level in a month or so in short term time horizon.” He advised positional investors to buy SRF shares at current levels for short term target. maintain stop loss at 2600 2250 levels.
SRF Share Price History
The share price of SRF has declined by around 2.50 per cent in the last one month while it has given around 35 per cent return to its shareholders in the last six months. It has gained 120 per cent in the last one year while the multibagger chemical stock has gained 665 per cent in the last five years.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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