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Navin Fluorine rallies 12%, hits new high; zooms 71% from March low

The stock jumped 12% to Rs 1,683 on the BSE today, surpassing its previous high of Rs 1,629 touched on February 26, 2020.

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For the first nine months (April-December) of the financial year 2019-20 (FY20), Navin Fluorine had posted 16 per cent year-on-year (YoY) jump in its consolidated profit before tax (PBT) at Rs 195 crore.

SI Reporter Mumbai
Shares of Navin Fluorine International hit a new high of Rs 1,683, rallying 12 per cent on the BSE on Monday in the intra-day deal on the back of heavy volumes. The stock of commodity chemicals firm surpassed its previous high of Rs 1,629 touched on February 26, 2020. It zoomed 71 per cent from its low of Rs 980 hit on March 23 in the intra-day trade. In comparison, the S&P BSE Sensex has recovered 23 per cent during the same period.

Navin Fluorine International had re-commenced its operations of manufacturing operations at the company’s facilities at Bhestan,