Gujarat Flurochem hits new high on healthy outlook; zooms 109% in 1 year

Adoption of 5G-enabled smartphones in India is expected to triple and this, in turn, will drive the fluoropolymers market and benefit the Gujarat Fluorochemicals.

Shares of Gujarat Flurochemicals hit a new high of Rs 3,995, up 2 per cent on the BSE in Friday’s intra-day trade on healthy outlook. The stock of the specialty chemicals company traded higher for the fourth straight day, surging 11 per cent during the period.

In past one month, the stock has rallied 20 per cent, as compared to a 5 per cent decline in the S&P BSE Sensex. Further, in past one year, the stock has zoomed 109 per cent, as against 4 per cent fall in the benchmark index.

Gujarat Fluorochemicals is engaged in manufacturing