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ICICI Securities maintains a hold call on SRF, setting a target price of Rs 2715. SRF’s Q3FY25 consolidated total income rose 14.95% YoY to Rs 3530.95 crore, with a net profit of Rs 271.08 crore. Anticipated growth in specialty chemicals and ref-gas is expected to boost the Chemicals business’ EBIT margin in Q4FY25.
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