NAVIN FLUORINE Surges by 10%; BSE 500 Index Up 2.3%

Thu, 26 Mar 09:42 AM

NAVIN FLUORINE share price has zoomed 10% and is presently trading at Rs 1,235.

Meanwhile, the BSE 500 Index is at 10,938 (up 2.3%).

Among the top Gainers in the BSE 500 Index today are NAVIN FLUORINE (up 9.6%) and SUDARSHAN CHEMICAL (up 12.9%).

SRF LTD and THERMAX (down 0.1%) are among the top losers today.

Over the last one year, NAVIN FLUORINE has moved up from Rs 705 to Rs 1,235, registering a gain of Rs 529 (up 72.2%).

On the other hand, the BSE 500 has moved down from 14,917 to 10,938, loss of 3,979 points (down 26.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 339.4%), ABBOTT INDIA (up 94.3%) and NAVIN FLUORINE (up 72.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 29,280 (up 2.3%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 15.0%), AXIS BANK (up 8.4%) and INFOSYS (up 5.5%). Other gainers include HDFC (up 4.9%) and TECH MAHINDRA (up 4.8%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 8,519 (up 2.0%). The top gainers in the NSE Nifty include INDUSIND BANK (up 15.0%), UPL (up 9.7%) and AXIS BANK (up 7.8%). Other gainers include INFOSYS (up 5.6%) and BHARTI INFRATEL (up 5.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 29,280, registering a loss of 8,529 points (down 22.82%).

NAVIN FLUORINE Financial Update...

NAVIN FLUORINE net profit stood at Rs 453 million for the quarter ended December 2019, compared to a profit of Rs 388 million a year ago. Net Sales rose 11.3% to Rs 2.5 billion during the period as against Rs 2.3 billion in October-December 2018.

For the year ended March 2019, NAVIN FLUORINE reported 19.2% decrease in net profit to Rs 1.5 billion compared to net profit of Rs 1.8 billion during FY18.

Revenue of the company grew 7.6% to Rs 10 billion during FY19.

The current Price to earnings ratio of NAVIN FLUORINE, based on rolling 12 month earnings, stands at 7.2x.

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