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SRF shares rebound 8% from session low after upbeat chemicals outlook

SRF shares recovered about 8% from the day's low after management reaffirmed its chemicals guidance on the earnings call, according to TradingView.

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what happened

According to TradingView, SRF shares climbed back roughly 8% from their Thursday low, October 22, after management said it expects to reach the upper end of its FY27 chemicals guidance, which earlier called for 15-20% growth. Management also described stable demand and pricing in refrigerants and a pickup in agrochemical volumes in some markets.

The stock had dropped as much as 6.5% the previous day after the September-quarter report missed analyst expectations on operating metrics. Net profit rose 31.2% to ₹509 crore and revenue climbed 34.7% to ₹4,904 crore, but EBITDA of ₹946 crore fell short of the ₹1,055 crore poll estimate.

The company also said its two Chemours plants remain on schedule and outlined a ₹600 crore aluminium foil project in Madhya Pradesh, to be built in two phases.

why it matters

The reaction shows investors weighing weak operating results against confidence that the chemicals business will ramp up as planned. The shares are still more than 23% below their January level, so sentiment around the stock remains fragile. Chemicals growth and the timing of the new plants are the key items to watch.

market impact

SRF shares: reassurance on guidance partly offsets the EBITDA miss, supporting the stock's rebound

tags

EarningsStockIndia

instruments

SRFNSE NiftyINR/USD

sources

  1. Here's why SRF shares recovered 8% from the day's low on Thursday — TradingView, 22 October 2026 at 08:22 UTC

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