Navin Fluorine International was the biggest gainer in the futures & options segment, rising 5.56 percent to Rs 4,123.65, the highest closing level since December 26, 2022 and formed robust bullish candle on the daily charts with significantly higher volumes. It has decisively broken consolidation range seen in last one week.

The stock price has been volatile in the last few months. The counter is down 13 percent in the last three months but up 10 percent in six months.

Navin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 20378.15 Crore) operating in Chemicals sector.

Navin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 21293.44 Crore) operating in Chemicals sector.

"We have been very positive across the capital goods space as well as the ancillary or the proxy play which support power transmission and power distribution. It is also a proxy play towards India going into capex, greenfield and brown field projects. Most of these companies are part of the universe. Siemens is one company we hold across client portfolios. We can understand the enormous opportunity that India presents for the next three-five years."

However, the volatility in equity markets this year, triggered by the hawkish monetary policy measures by central banks amid spiralling inflation have seen stocks in this space lose some sheen.

The S&P BSE Sensex and Nifty50 recouped losses on Wednesday to settle with mild gains.

KR Choksey recommended accumulate rating on Navin Fluorine International with a target price of Rs 4725 in its research report dated October 21, 2022.

ICICI Direct recommended hold rating on Navin Fluorine with a target price of Rs 4570 in its research report dated October 20, 2022.

“Among largecaps, Bhanushali has 5 top bets. These are ICICI Bank, SBI, Cipla, Reliance Industries and Ashok Leyland. Among midcaps, there are 3 chemical stocks – Deepak Fertiliser, Deepak Nitrite and JB Chemicals. Aptus Home Value is the smallcap in the portfolio where the brokerage is seeing a 32% CAGR growth in their loan books.”

Further, gross margins are expected to remain under pressure even though companies undertook price hikes to pass on input cost inflation. According to brokerage Prabhudas Lilladher, companies undertook a 4-5 per cent hike in prices during the quarter.

Further, gross margins are expected to remain under pressure even though companies undertook price hikes to pass on input cost inflation. According to brokerage Prabhudas Lilladher, companies undertook a 4-5 per cent hike in prices during the quarter.

Navin Fluorine International Ltd. key Products/Revenue Segments include Chemicals, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2022.

These companies are positive on the long-term structural growth of the Indian chemicals sector on the back of China plus one strategy, focus on reducing chemical imports, R&D capabilities, and its leading and strong position with favourable government policies, the brokerage report said.

Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 23381.54 Crore) operating in Chemicals sector.

Stocks that were in focus included names like Navin Fluorine which closed with gains of more than 6 per cent, Hindustan Aeronautics closed with gains of over 7 per cent, and Lemon Tree hit a fresh 52-week high closed with gains of over 2 per cent on Monday.

Stock has given a breakout on the higher side after one year of consolidation implying a bullish continuation sign. Stock has retraced to the upper band of consolidation followed by a bullish candle,Kapil Shah, Technical Analyst, Emkay Global Financial Services and Trainer- FinLearn Academy, said.

For Prince Pipes, the daily and weekly strength indicator RSI is in a bullish mode, indicating strength in the short to medium- term time frame

“As long as Nifty stays below the hurdle of 17,500 levels, there is a possibility of muted movement in the market. A sustainable move above 17,500 could open the next upside targets of 17,800-17,900 levels in the near term. Immediate support is placed at 17,200 levels,” he said.

KR Choksey recommended accumulate rating on Navin Fluorine International with a target price of Rs 4374 in its research report dated July 26, 2022.

Motilal Oswal recommended Neutral rating on Navin Fluorine with a target price of Rs 4324 in its research report dated July 25, 2022.

Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 21397.40 Crore) operating in Chemicals sector.

Rupee depreciation brings speciality chemicals space in focus: Galaxy Surfactants, Vinati Organics top picks. The opportunity for exports owing to global demand in the backdrop of the China+1 strategy has driven the Indian specialty chemical companies to expand aggressively over the past three years with companies having expansion plans in place for the next three years too.

What came as a pleasant surprise for investors was the operating performance of the company at a time when concerns have been growing over the margins of chemical companies on rising fuel costs

Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 18656.32 Crore) operating in Chemicals sector.