Navin Fluorine International climbs as its arm starts commercial operations at Gujarat plant
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Navin Fluorine International is currently trading at Rs. 3622.30, up by 92.10 points or 2.61% from its previous closing of Rs. 3530.20 on the BSE.
The scrip opened at Rs. 3587.95 and has touched a high and low of Rs. 3622.30 and Rs. 3468.00 respectively. So far 1793 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3979.00 on 15-Dec-2023 and a 52 week low of Rs. 2876.45 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 3642.00 and Rs. 3468.00 respectively. The current market cap of the company is Rs. 17849.25 crore.
The promoters holding in the company stood at 28.44%, while Institutions and Non-Institutions held 46.41% and 25.16% respectively.
Navin Fluorine International’s wholly owned subsidiary -- Navin Fluorine Advanced Sciences has commenced commercial operations of the plant for the manufacture and supply of a key fluoro specialty chemical in Dahej, Gujarat. The company has dispatched the first commercial lot to the customer on December 9, 2024.
Earlier, Navin Fluorine Advanced Sciences had entered into a multi-year contract with a large multinational company for manufacture and supply of a key fluoro specialty chemical.
Navin Fluorine International primarily focuses on fluorine chemistry - producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers Contract Research and Manufacturing Services. Its manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.
