Navin Fluorine International declined 0.98% to Rs 1611, snapping its three-day winning run.
Shares of Navin Fluorine International jumped 15% in just three trading sessions to Rs 1627 on 27 April 2020 from its previous closing low of Rs 1415.3 on 22 April 2020.Recent buying emerged after the company announced re-commencement of operations at its facilities at Gujarat and Madhya Pradesh, from 14 April 2020 after obtaining necessary government approvals.
The stock has risen 31.55% from its closing low of Rs 1224.65 hit on 31 March 2020. The Nifty has risen 9.04% in the same period.
Navin Fluorine International is one of the manufacturers of speciality fluorochemicals. On a consolidated basis, net profit rose 16.8% to Rs 45.13 crore in Q3 December 2019 as against Rs 38.63 crore reported in Q3 December 2018. Net sales grew 11.4% year-on year (YoY) to Rs 260.50.
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