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Nuvama on SRF Ltd

Nuvama on SRF Ltd

Rating: Buy
Target Price: Raised to ₹3,622 (from ₹3,393)

🔍 Key Highlights:

Positive Outlook: Driven by capex revival and strong specialty chemicals performance

Chemicals Segment: Company reiterates 20% growth guidance

Capex Plans: ₹2,400–2,500 crore planned in FY26E

Packaging Films (BOPP): Remains a strategic focus area

Demand Environment: Seeing gradual improvement in sentiment and off-take

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