SRSRF503806Specialty chemicals

Jefferies and Citi issued differing calls on SRF after Q2, with Jefferies hiking target price and Citi maintaining a sell with a cut target

By ScoutQuest · Fri 23 Oct 2026, 7:36 AM IST · 1 min read

Jefferies target price

2640 rupees

Jefferies previous target price

2540 rupees

Citi target price

2225 rupees

Guided chemicals revenue growth

20 percent

Heard on business television between 07:42:27 - 07:45:27 IST.

• Jefferies maintained a hold rating, hiked target price to 2,640 rupees from 2,540, citing agrochemical challenges and guiding 20% revenue growth in chemicals.
• Jefferies noted margin pressure dragging EBITDA growth due to weather-related events and a strategic pivot to semiconductors and energy storage.
• Citi maintained a sell rating, cut target price to 2,225 rupees, citing weaker chemical margins and fading refrigerant gas pricing tailwinds.
• Citi said domestic and China R32 prices have been stable since Q1 and near-term pricing upside is unlikely, with input cost volatility keeping agrochemical margins under pressure.

The call above is Citi's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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