India's Gujarat Fluorochemicals down after Q4 profit fall

Navin Fluorine International

07/05/2024 09:16

** Shares of Gujarat Fluorochemicals  GUJL.NS  fall as much
as 2.8% to 3,535.70 rupees; last down 2.4% 
    ** The chemicals maker on Monday reported a near 70% Y/Y
fall in its March-qtr consolidated net profit; revenue from
operations fell 23% 
    ** The capex in the electrolyte additive LiPF6 has been
disastrous, with the company failing to generate any EBITDA from
its sales, said analysts from InCred Equities in a note
    ** Average rating of 10 analysts covering the stock is
"buy"; median PT is 3,979.50 rupees - LSEG data
    ** More than 180,000 shares change hands as of 1:43 p.m.
IST, 1.7x 30-day average
    ** Including session's move, the stock is down 4% YTD, which
is smaller than its peer Navin Fluorine International  NAFL.NS ,
which is down 12.2%
    

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))