India's Navin Fluorine hits near 2-month high on eight-fold jump in Q4 profit

Navin Fluorine International

17/06/2020 05:28

** Shares of chemical producer  NAFL.NS  rise as much as
6.1% to 1,655 rupees, their highest since April 28
    ** Mumbai-based co on Tuesday reported nearly eight-fold
jump in consol March qtr profit, helped by performance in
speciality business division and international demand
 urn:newsml:reuters.com:*:nFWN2DT0DF
    ** Co also said its order book position was strong in new
fiscal year
    ** NAFL shares up ~55% this year as of last close
    ** About 335,000 shrs change hands in early trade,
2.4x30-day avg of 139,500 shrs
    ** Nine out of 12 analysts tracking stock recommend "buy or
strong buy"; 3 "hold" - Refinitiv data

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))