Navin Fluorine International tumbles after poor Q3 outcome

Navin Fluorine International lost 11.3% to Rs 1,565.25 at 13:16 IST on BSE after net profit fell 4.3% to Rs 13.59 crore on 0.6% fall in net sales to Rs 144.73 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours on Friday, 29 January 2016.

Meanwhile, the S&P BSE Sensex was up 1.27 points or 0.01% at 24,871.96

On BSE, so far 6,908 shares were traded in the counter as against average daily volume of 6,731 shares in the past one quarter.

The stock hit a high of Rs 1,660 and low of Rs 1,558.25 so far during the day. The stock had hit a 52-week low of Rs 646 on 10 February 2015. The stock had hit a record high of Rs 2,025 on 23 December 2015.

The stock had underperformed the market over the past one month till 29 January 2016, falling 5.63% compared with 4.64% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 12.01% as against Sensex's 7.33% fall

The small-cap company has equity capital of Rs 9.79 crore. Face value per share is Rs 10.

Navin Fluorine International operates solely in chemicals business segment.

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