Navin Fluorine International lost 3.79% to Rs 570 at 11:27 IST on BSE after net profit dropped 36.6% to Rs 8.50 crore on 10.5% rise in total income to Rs 133.91 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced after market hours on Wednesday, 30 July 2014.
Meanwhile, the S&P BSE Sensex was up 7.85 points or 0.03% at 26,095.27
On BSE, so far 10,009 shares were traded in the counter as against average daily volume of 13,163 shares in the past one quarter.
The stock hit a high of Rs 575 and low of Rs 562.85 so far during the day. The stock had hit a record high of Rs 659.70 on 20 June 2014. The stock had hit a 52-week low of Rs 156 on 6 August 2013.
The stock had underperformed the market over the past one month till 30 July 2014, falling 3.27% compared with 2.65% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 58.3% as against Sensex's 16.37% rise.
The small-cap fluorochemicals maker has equity capital of Rs 9.76 crore. Face value per share is Rs 10.
Navin Fluorine International belongs to a reputed industrial house of Arvind Mafatlal Group in India. It has largest integrated fluorochemicals complex in India, since 1967. The company primarily focuses on three businesses, Refrigeration gases, Chemicals/Bulk Fluorides and Specialty Organofluorines with manufacturing facilities at Surat, Gujarat and Dewas, Madhya Pradesh.
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