Navin Fluorine International shares jumped about 6.5 per cent in early trade on Thursday, hitting a 52-week high as strong quarterly earnings and upbeat growth visibility boosted investor sentiment. According to reports from The Hindu BusinessLine, the stock rose to a high of ₹7,200 and was trading at ₹6,752.50 around 10.40 am on the NSE, compared to the previous close of ₹6,758.50. The stock was among several notable gainers that scaled fresh 52-week highs on April 30, underscoring resilient underlying demand despite the absence of major news catalysts.
The company reported a 76.2 per cent year-on-year rise in standalone net profit at ₹135.03 crore for the quarter ended March 2026, up from ₹76.61 crore in the year-ago period. As reported by The Hindu BusinessLine, revenue from operations grew 29 per cent year-on-year to ₹626.51 crore, supported by strong performance across key segments. On a full-year basis, profit after tax more than doubled to ₹487.67 crore in FY26 from ₹241.93 crore in the previous year.
Global brokerages remained divided on the stock despite the strong performance. According to reports from The Hindu BusinessLine, Jefferies maintained a 'buy' with a target price of ₹8,385, noting that EBITDA and profit after tax beat estimates by 19 per cent and 30 per cent respectively, driven by strength in specialty chemicals and CDMO segments. Citi maintained sell with a target price of ₹6,500, pointing out that while EBITDA rose 80 per cent year-on-year and margins remained strong at 34.2 per cent, much of the growth outlook appears priced in after the stock's sharp rally over the past year.
The board also recommended a final dividend of ₹8.60 per share. As reported by The Hindu BusinessLine, DAM Capital retained buy with a target price of ₹7,769, highlighting broad-based strength with the sixth consecutive quarter of growth in revenue and profitability. Elara Capital reiterated buy with a revised target price of ₹8,681, citing improved earnings visibility and a transition into a multi-year compounding phase.
