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Navin Fluorine drops on profit booking

Capital Market 

International fell 2.11% to Rs 3,235.35 at 14:46 on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P Sensex was down 38.46 points, or 0.12% at 31,998.92. The S&P Mid-cap index was up 1.55 points, or 0.01% at 15,155.09.

On the BSE, 1,696 shares were traded on the counter so far as against the average daily volumes of 12,277 shares in the past one quarter. The stock had hit a high of Rs 3,333 and a low of Rs 3,231.95 so far during the day. The stock had hit a 52-week high of Rs 3,434 on 13 July 2017 and a 52-week low of Rs 1,997 on 11 July 2016.

The stock had outperformed the market over the past one month till 13 July 2017, advancing 3.26% compared with the Sensex's 3% rise. The scrip had, however, underperformed the market over the past one quarter advancing 6.21% as against the Sensex's 8.74% rise. The scrip had, however, outperformed the market over the past one year advancing 55.87% as against the Sensex's 15.18% rise.

The mid-cap company has equity capital of Rs 9.85 crore. Face value per share is Rs 10.

Shares of International had rallied 9.38% in the preceding four trading sessions to settle at Rs 3,305.05 yesterday, 13 July 2017, from its close of Rs 3,021.65 on 7 July 2017.

International announced on 7 July 2017 that it has fixed 20 July 2017 as record date for 5-for-1 stock split.

International's net profit fell 6.7% to Rs 29.38 crore on 5.8% increase in net sales to Rs 200.53 crore in Q4 March 2017 over Q4 March 2016.

International is the largest integrated specialty fluorochemical company in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 14:49 IST