Ziya
Share
Shares of specialty chemicals manufacturer Navin Fluorine International Limited witnessed a remarkable surge in trading today as the stock price climbed to a new lifetime high The company has delivered stellar returns of approximately eighty five percent to its investors in the current calendar year creating wealth for long term shareholders. Market sentiment remained highly positive after the firm reported exceptionally strong financial results for the quarter ending September where net profit more than doubled compared to the previous year. Brokerage firms have maintained a bullish stance on the stock citing robust operational performance and confident management guidance regarding future margins The massive buying interest pushed the stock beyond the six thousand rupee mark for the first time reflecting the strong growth trajectory of the chemical sector in India. Analysts highlight that the company is benefitting from the "China Plus One" strategy and its expansion into high value molecules which is driving the sustained rally in its share price. This uptrend marks one of the strongest annual performances for the company making it a standout stock in the midcap segment for the year.
Read More: Government Data Reveals Mild Uptick In Retail Inflation Driven By Vegetables And Fuel
