penny stocks

Based on weekly price momentum for last three months

SRF Limited (NSE: SRF) has been one of most consistent price performers on Nifty during last three months. While most of mid tier firms have had challenging time during this period, SRF with its diversified product portfolio has outperformed all traded equities listed on NSE in terms of weekly price performance.

SRF had stupendous in past three months, on weekly trade performance the stock gave positive price return on 11 out of 14 traded weeks and only in 2 weeks out of 14 traded weeks that the stock gave negative price returns on weekly basis. This is best performance by a mid-to-large enterprise listed on NSE as not only the stock gave positive returns but also higher returns during the period.

The stock had gained well during November last year then again in between January and February 2020 it gained most. Between Jan and Feb the stock price gained 22%. In Feb, owing to number of corporate announcement stock witnessed hectic buying activity, the company also announced dividend during this period.


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