Navin Fluorine Jumps Most In 16 Months After Q1 Results
The stock has moved above the 200-day simple moving average, indicating potential upward price momentum.
Shares of Navin Fluorine International Ltd. jumped the most in 16 months after the company's revenue rose and margin expanded in the first quarter.
Key Highlights (Consolidated, YoY)
Net profit up 34% at Rs 97.38 crore
Revenue up 22% at Rs 397.52 crore
Ebitda at Rs 99.13 crore vs Rs 77.78 crore
Ebitda margin at 24.94% against 23.82%
Shares of the chemicals maker jumped more than 12% in intraday trade, before closing with 11.1% gains—the most since March 30, 2021. The trading volume was more than 21 times the 30-day average.
The stock has moved above the 200-day simple moving average, indicating potential upward price momentum. Of the 24 analysts tracking the firm, 15 maintain a 'buy', seven suggest a 'hold' and two recommend a 'sell', according to Bloomberg data. The 12-month consensus price target implies an upside of -0.8%.