New Delhi, Jan. 31 -- The stock of chemical company SRF Ltd hit a new 52-week high of Rs.2,895 on Friday, reacting to better-than-anticipated December quarter (Q3FY25) results. This performance prompted earnings and ratings upgrades by various brokerages.

Among the key highlights, consolidated Ebitda at Rs.6,196 crore was ahead of the consensus estimate, led by chemicals business that comprises fluorochemicals and specialty chemicals. This business has been in doldrums lately, marred by global agrochemical market slowdown due to elevated inventory levels at customer's end, weak refrigerant gas exports and cheaper agrochemical supply from China creating pricing pressure.

After falling year-on-year over the last six quarters, chemicals Eb...