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      Navin Fluorine drops on profit booking

      MoM Team / Mumbai, Aug 03, 2017 12:07 PM IST

        Navin Fluorine drops on profit booking

        Navin Fluorine International lost 3.3 percent to Rs 733 on BSE, with the stock sliding on profit booking after recent rally.

        Meanwhile, the S&P BSE Sensex was down 127.90 points, or 0.39 percent at 32,348.84. The S&P BSE Mid-Cap index was up 20.76 points, or 0.13 percent at 15,432.72.

        On the BSE, 25,000 shares were traded on the counter so far as against the average daily volumes of 37,000 shares in the past two weeks. The stock had hit a high of Rs 764.75 and a low of Rs 720 so far during the day.

        Shares of Navin Fluorine International had rallied 20.58 percent in the preceding six trading sessions to settle at Rs 758 yesterday, 2 August 2017, from its close of Rs 628.65 on 25 July 2017.

        Navin Fluorine International's net profit rose 12.5 percent to Rs 49.11 crore on 38.5 percent increase in net sales to Rs 225.43 crore in Q1 June 2017 over Q1 June 2016.

        Navin Fluorine International is the largest integrated specialty fluorochemical company in India.


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      Source: Capital Market



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