Navin Fluorine International hits record high after strong Q2 numbers

Navin Fluorine International surged 18.99% to Rs 1,645 at 14:43 IST on BSE after net profit jumped 130.5% to Rs 23.23 crore on 21.7% growth in net sales to Rs 150.76 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 27 October 2015.

Meanwhile, the S&P BSE Sensex was down 310.81 points or 1.14% at 26,942.63.

On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 4,771 shares in the past one quarter.

The stock hit a high of Rs 1,657 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,450 so far during the day. The stock had hit a 52-week low of Rs 501 on 1 December 2014.

The stock had outperformed the market over the past one month till 27 October 2015, surging 16.03% compared with Sensex's 5.37% rise. The stock had also outperformed the market in past one quarter, surging 27.48% as against Sensex's 1.12% fall.

The small-cap company has equity capital of Rs 9.78 crore. Face value per share is Rs 10.

Navin Fluorine International operates solely in chemicals business segment.

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