Motilal Oswal Financial Services has issued a decisive BUY recommendation on SRF Ltd, setting a target price of Rs 3,700, representing a potential 14% upside from current levels.
SRF Limited share price jumped 2.82 percent on Friday on strong volumes. The stock opened at Rs 2,860 and touched an intraday high at Rs 2,945 before closing at Rs 2,932.
SRF stock touched 52-week high on Thursday and the stock is currently looking strong on technical charts. SRF has touched 52-week high at Rs 2697 and the stock closed at Rs 2664.
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower, tracking the global trends.
