Navin Fluorine Share Price Grows Strong

Navin Fluorine share price was trading up by 3.54 per cent on NSE today (20th December 2016).

The significant financial highlights of the Company are mentioned below: (According to Company Annual Report 2016)

• Increase in revenues by 17 per cent from Rs 54,612 lacs in 2014-15 to Rs 63,624 lacs
• Increase in Profit Before Tax by 71 per cent from Rs 6,808 lacs in 2014-15 to Rs 11,672 lacs
• Increase in Net Profit by 75 per cent from Rs 4,939 lacs in 2014- 15 to Rs 8,647 lacs
• EPS was higher at Rs 88.44 in current year compared to Rs 50.57 in the previous year
• ROCE increased to 18 per cent in the current year from 11 per cent in the previous year
• ROE increased to 14 per cent in the current year from 9 per cent in the previous year

Navin Fluorine (NFIL) is one of the largest and the most respected Indian manufacturers of speciality fluorochemicals. The company belongs to the Arvind Mafatlal Group – one of oldest industrial houses of India. Established in the year 1967, Navin Fluorine operates one of the largest integrated fluorochemicals complexes in India with manufacturing locations at Surat as well as Dahej in Western India and Dewas in Central India. The R&D centre of the company named as Navin Research Innovation Center (NRIC) is located at Surat, India.

Dynamic Levels carefully handpicks top 500 stocks out of all the 1700 plus scrips listed on the National Stocks Exchange. These top 500 Shares are identified by Dynamic Levels research team at the end of every quarter. These shares are further filtered to find the list of multibagger stocks, based on our technical and fundamental research as well as high trading volumes.

Navin Fluorine is a part of the multibagger stock list and is considered to have a great potential to grow in the long run.

Navin Fluorine share price opened at Rs 2,479.00 from a previous closing of Rs 2,474.10. The intraday high and the intraday low so far during the day at 11.20 AM were Rs 2,599.00 and Rs 2,479.00 respectively.

A total of 5,984 shares of the company have been traded on the counter of NSE for a total value of Rs 153.96 lacs. At the CMP the share has a major support at 2371.15 and there is major resistance at 2600.00.

Get the important support and resistance levels of Navin Fluorine at Navin Fluorine share price forecast.