Indian refrigerant gas makers jump as US shortage boost price hike hopes

Navin Fluorine International

09/01/2025 07:03

** Shares of Indian refrigerant gas makers gain on bets that
current supply tightness in US could push prices higher globally
    ** SRF  SRFL.NS  jumps ~13%, hits highest since May 2024 and
set for best day since Aug 2019
    ** Gujarat Flourochemicals  GUJL.NS  gains ~6%
    ** Navin Flourine  NAFL.NS  rises 10%, hits highest since
Sept 2024 and poised for best day since March 2020
    ** Equirus analysts note iGas USA flagged shortage of some
varieties of refrigerant gas and hiked prices
    ** Brokerage says every $1/kg change in refrigerant R32
realization could increase SRF's EBITDA by 2.6 bln rupees and
NAFL's by 770 mln rupees
    ** NAFL, SRF up ~20% so far in Jan, while GUJL down 1.1%

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))