Now Reading: Navin Fluorine shares hit record high after profit doubles
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Navin Fluorine shares hit record high after profit doubles
Navin Fluorine International’s shares rose 14% to Rs 8,648 in intraday trade after the specialty chemicals maker reported a strong June-quarter performance. Consolidated net profit doubled to Rs 243.31 crore from Rs…
The Story in Brief
Navin Fluorine International’s shares rose 14% to Rs 8,648 in intraday trade after the specialty chemicals maker reported a strong June-quarter performance. Consolidated net profit doubled to Rs 243.31 crore from Rs 117.16 crore a year earlier, while operating revenue grew 44.1% to Rs 1,045 crore. EBITDA rose 72% to Rs 357 crore, with the margin reaching 34.2%.
LiveMint reports that Axis Securities raised its target to Rs 8,600 and JM Financial to Rs 9,000. NDTV Profit names Jefferies and Citi as the brokerages that lifted targets. Analysts cited capacity additions, CDMO growth and new projects, but their estimates remain conditional on execution and demand.
The Indian Opinion
The easy story is that a 108% profit jump makes the stock an obvious buy. The opposite claim, that a record price alone proves a bubble, is just as lazy. Broker targets are forecasts, not guarantees, and the company still has to commission capacity and sustain margins. Investors should track whether the guided 30% to 33% operating margin holds over the next one to two years, alongside the delivery of the new projects.
Sources (2): ndtvprofit.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
