Don't miss action in this high dividend chemical stock that is up by 4.22 per cent; heres why!

Today, shares of the company saw a spurt in volume by more than 2.64 times on BSE. 

SRF Ltd, a leading chemical company, announced that it is expanding its business to the tune of Rs 705 crore. The company has approved a project worth Rs 595 crore for the production of a variety of speciality fluoropolymers and another project worth Rs 110 crore is to set up a dedicated facility in Dahej to produce 300 MT of SS20 per year. 

Recently, the company reported excellent performance in both December 2023(Q3) and nine-month period and released an investor presentation for its shareholders. The company also declared an interim dividend of 36 per cent or Rs 3.60 per share, on its paid-up equity share capital. The company confirmed the dividend record date as Tuesday, February 28, 2023. 

Established in 1970, SRF Limited is a chemical-based multi-business entity engaged in the manufacturing of industrial and speciality intermediates. Today, shares of the company saw a spurt in volume by more than 2.64 times on BSE. 

Today, shares of SRF Ltd surged 4.22 per cent to a day high of Rs 2,235.25 from its previous closing of Rs 2,144.75. At 03:30 pm, the shares of the company ended the day higher, up 1.74 per cent to Rs 2182.10. Investors should keep an eye on this S&P BSE 100 company.