Navin Fluorine International Limited up by 6.31% | Espresso Market Updates

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Espresso Shot of the Day - Navin Fluorine International Limited up by 6.31%

December 27, 2021
Espresso Shot of the Day - Navin Fluorine International Limited up by 6.31%

Navin Fluorine International Limited 4243.15 (+6.31%) BSE – INE048G01026 | Dec 27, 2021


Navin Fluorine International Ltd (NFIL) is one of the largest and most respected Indian manufacturers of specialty fluorochemicals. It belongs to the Padmanabh Mafatlal Group – one of India’s oldest industrial houses. Established in 1967, NFIL operates one of the largest integrated fluorochemicals complexes in India with manufacturing locations at Surat and Dahej in Western India and Dewas in Central India. Their R&D centre, named as Navin Research Innovation Center (NRIC) is located in Surat, India. Their facility at Surat specializes in the manufacture of refrigerants, various organic and inorganic fluorides. The site is equipped with all technical capabilities to handle and process multiple complex chemistries at various scales of operations. Some of the key products produced at Surat include anhydrous hydrofluoric acid (AHF), R-22, and boron trifluoride with its adducts. They are one of the few companies in fluorination chemistry with the experience, capability and expertise in scaling up from research to pilot and manufacturing. The NRIC collaborates with customers with the objective of developing new products, processes and technologies in the most cost-effective and environmentally compliant manner.

Recent Drivers

  • On Nov 30, 2021, Navin Fluorine International allotted 10,775 equity shares under ESOP on 30 November 2021.
  • On Nov 11, 2021, the company signed a Rs. 800 crores multi-year agreement for the supply of key agrochemical fluoro-intermediates.
  • On Oct 20, 2021, the company reported Net Sales of Rs.338.96 crores in September 2021, up 6.28% from Rs.318.92 crores in September 2020.
  • On Oct 20, 2021, the company reported a Quarterly Net Profit of Rs.63.22 crore in September 2021, down 6.77% from Rs.67.81 crores in September 2020.
(Sources: Business Standard,  Moneycontrol, Livemint)

Technical Force*

  • S&P BSE 500 month till date gain up by 0.47%
  • Traded on All-time high value 4268.00
  • 3 months avg. NSE volume: 251,305
  • Quantity traded: 19,264 | Deliverable Quantity: 9,218 (47.85%)
  • Stock price jumped more than 90% from a one-year-low level: 2219.00 (Jan 29, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 4268.00 | 52-week-low: 2219.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

5051.37

3904.68

3258.37

2111.68

1465.37

318.68

-

    -

Fibonacci Pivot

3904.68

3219.76

2796.61

2524.07

2111.68

1699.29

1426.76

1003.61

318.68


Today’s Close

4243.15

SMA

BSE

10 DAY

4001.53

20 DAY

3921.37

50 DAY

3669.80

200 DAY

3512.54


Some Key Ratios (Source: BSE)

Market Cap:  21,018.14 Crores

PE:  66.15

OPM%:  28.38

ROE%:  17.18

Promoters holding%: 30.20

Prev. Close: 3991.30


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.