Navin Fluorine International jumped 12.78% to Rs 1,968.25 at 12:12 IST on BSE after net profit surged 89.6% to Rs 31.50 crore on 30.1% rise in net sales to Rs 189.36 crore in Q4 March 2016 over Q4 March 2015.
The result was announced before market hours today, 2 May 2016.Meanwhile, the S&P BSE Sensex was down 134.74 points or 0.53% at 25,471.88
On BSE, so far 19,254 shares were traded in the counter as against average daily volume of 4,071 shares in the past one quarter.
The stock hit a high of Rs 2,050 in intraday trade so far, which is a record high for the counter. The stock hit a low of Rs 1,944.50 so far during the day. The stock had hit a 52-week low of Rs 772 on 11 May 2016. The stock had underperformed the market over the past one month till 29 April 2016, falling 0.65% compared with Sensex's 2.84% gains. The scrip also underperformed the market in past one quarter, declining 1.1% as against Sensex's 2.96% gains.
The small-cap company has equity capital of Rs 9.80 crore. Face value per share is Rs 10.
Navin Fluorine International's earnings before interest, taxes, depreciation and amortization (EBITDA) rose 95% to Rs 36 crore in Q4 March 2016 over Q4 March 2015. EBITDA margin edged higher to 18.9% in Q4 March 2016, from 12.6% in Q4 March 2015.
Navin Fluorine International is the largest integrated specialty fluorochemical company in India.
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