India's Navin Fluorine rises as Jefferies expects new contracts to boost earnings

Navin Fluorine International

17/06/2025 06:26

** Shares of Navin Fluorine International NAFL.NS rise 3% to 4,646 rupees

** Jefferies maintains "buy" rating on the chemical maker; keeps price target at 5,280, about 14.5% above the last closing price

** New contracts in speciality chemicals, contract manufacturing and high-performance products expected to generate revenue from FY26, thus boosting earnings from FY28 – Jefferies

** Brokerage highlights NAFL invested over 20 bln rupees in commissioned capacity but utilization remains low, indicating room for scale-up

** Avg rating of analysts is "buy"; median PT is 4,841 rupees - LSEG

** Stock up 43% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))