Latest news with #NavinFluorineInternationalLtd
Business Upturn
10 hours ago
- Business
- Business Upturn
Navin Fluorine shares jump 4% after Jefferies reiterates ‘Buy' call with Rs 5,280 target
By Aman Shukla Published on June 17, 2025, 09:20 IST Shares of Navin Fluorine International Ltd (NFIL) rose nearly 4% in morning trade after global brokerage firm Jefferies reiterated its 'Buy' rating on the stock. The brokerage has set a target price of ₹5,280, citing strong earnings visibility and robust growth prospects backed by recent capacity additions. AS OF 9:18 AM, the shares were trading 4.54% higher at Rs 4,718.20. Jefferies noted that Navin Fluorine is now poised to monetise approximately ₹2,000 crore in capital expenditure undertaken over the past three years. The company's ability to secure long-term contracts is expected to support improved asset turnover and drive a 35% compound annual growth rate (CAGR) in earnings per share (EPS) from FY25 to FY27. The report also highlighted a healthy pipeline of new opportunities across specialty chemicals, CRAMS (contract research and manufacturing services), and high-performance products (HPP). These projects are likely to begin contributing meaningfully from FY26, extending the company's growth trajectory through FY28. Despite the recent uptrend, Navin Fluorine shares have underperformed the Nifty by 23% since January 2023. Jefferies believes this underperformance leaves room for further upside as fundamentals strengthen. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Fibre2Fashion
07-05-2025
- Business
- Fibre2Fashion
India's Navin Fluorine, US' Chemours partner on immersion cooling tech
India's Navin Fluorine International Ltd has announced a strategic collaboration with the US' The Chemours Company, marking its entry into the advanced materials sector. The partnership centres on manufacturing Opteon two-phase immersion cooling fluid, a proprietary innovation developed by Chemours, at Navin Fluorine's Surat facility in Gujarat. Navin Fluorine International Ltd has partnered with US-based Chemours to manufacture Opteon, a next-gen cooling fluid for AI and data centres, at its Surat facility. The fluid offers energy efficiency and reduced water use. Navin will invest $14 million, with Chemours contributing $5 million. Production is set to begin in FY27, with plans to scale. This advanced cooling fluid is designed to meet the increasing thermal management needs of next-generation data centres and AI hardware, offering enhanced energy efficiency, lower water usage, and reduced spatial requirements. The surge in AI and computing is driving the demand for suitable cooling technologies. As part of the agreement, Navin Fluorine will invest approximately $14 million to set up the initial production capacity, with Chemours contributing $5 million towards the project. It is expected to be operational in FY27 (April–June 2026). As adoption of this cooling solution expands, both companies are expected to explore scaling operations to meet future demand. Fibre2Fashion News Desk (VK)
Mint
28-04-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 28 April
On Friday, Nifty 50 ended lower due to profit booking after a strong recent rally. Selling pressure was seen in banking, financials, and FMCG stocks, which weighed on the index. The index closed 0.86% lower at 24,039. Despite opening on a flat note, the index failed to sustain higher levels amid weak global cues and cautious investor sentiment ahead of key macroeconomic data. Broader markets also showed mixed action, indicating a pause in momentum. The overall structure, however, remained positive above key support levels. Navin Fluorine International Ltd (current price: ₹ 4,448.7) Why it's recommended : Strategic positioning in specialty chemicals, strong financial performance, and consistent growth Key metrics : P/E: 81.50 | 52-week high: ₹ 4,562.10 | Volume: ₹ 11.79 lakh Technical analysis : Trading above all key moving averages Risk factors : Exposure to raw material price volatility, competitive pressures Buy at : ₹ 4,448.7 | Target price: ₹ 5,050 in three months | Stop loss: ₹ 4,180 Tata Consultancy Services Ltd (current price: ₹ 3,4448 ) Why it's recommended : Consistent financial performance, strong market position, and global presence Key metrics : P/E: 25.22 | 52-week high: ₹ 4,592.25 | Volume: ₹ 27.43 lakh Technical analysis : Emergence of buying interest from the lower level and reclaimed its 21 DMA Risk factors : Geopolitical and trade policy risks, cybersecurity and data privacy concerns Buy at : ₹ 3,448 | Target price: ₹ 3,850 in three months | Stop loss: ₹ 3,290 On Friday, the Nifty 50 extended its pullback for the second straight session. The index briefly breached the 100-week moving average during intraday trade but managed to close above the 24,000 psychological mark, thereby holding key support. It formed a bearish candle, reflecting persistent profit booking and a cautious tone at higher levels. Barring the Nifty IT index, all major sectoral and broader market indices ended in the red. The advance-decline ratio weakened significantly to 1:5, indicating broad-based selling pressure across the market. On the weekly chart, the Nifty 50 formed a bullish candle with a long upper wick, indicating profit booking at higher levels. Despite this, the index held above 24,000, suggesting underlying strength with key support near the 100-week moving average. From a technical perspective, the Nifty 50 breached the 200-day moving average and closed slightly below it, signaling a potential shift in trend. The RSI on the daily chart has turned downward, indicating weakening momentum, while the MACD is still trending above the central line on a flat note. According to O'Neil's methodology of market direction, the Nifty50 transitioned from a "Rally Attempt" to a 'Confirmed Uptrend". The Nifty 50 ended the week above the 24,000 mark, sustaining its broader bullish structure. A decisive break above 24,200 will be critical to resume an upward momentum and potentially push the index toward the 24,700–24,900 resistance zone. Conversely, the 23,900–23,800 range remains a crucial support base. A breakdown below this could lead to weakness and signal the start of a consolidation phase. On Friday, the Bank Nifty continued its decline for the third consecutive session, closing at 54,664, down 0.97%. The index opened at 55,233, marked an intraday high of 55,350.55, and slipped to a low of 54,176.45. The decline was primarily driven by weakness in key heavyweights like Axis Bank, HDFC Bank, and SBIN, which weighed down the overall banking sector. Similarly, FINNIFTY index also declined, closing at 26,036, down 1.02%. Despite today's mild pullback, the index continues to trade above all its key moving averages, indicating that the broader uptrend remains intact. However, momentum indicators such as the RSI and MACD are beginning to show signs of slight exhaustion on the daily chart, hinting at a potential short-term consolidation. According to O'Neil's methodology of market direction, the Nifty Bank transitioned from an "Uptrend Under Pressure" to a 'Confirmed Uptrend". The outlook for the Nifty Bank remains positive as long as it is above the critical support zone of 54,500. For the bullish momentum to gain strength, the index needs to clear 56,000 in the near term. On the downside, key support lies in the 54,500–54,000 range, and a break below this zone could signal a shift in market sentiment. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
