Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 16888.02 Crore) operating in Chemicals sector.
Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 359.73 Crore, up 12.76 % from last quarter Total Income of Rs 319.00 Crore and up 27.45 % from last year same quarter Total Income of Rs 282.26 Crore. Company reported net profit after tax of Rs 73.22 Crore in latest quarter.
Investment Rationale
The stock has resumed its uptrend after breaking out of a narrow consolidation phase on good volumes. RSI has also turned upwards, making higher lows and confirming bullishness. It has taken support at the cluster of its key short term moving averages, which is a sign of bullishness.
Promoter/FII Holdings
Promoters held 30.2 per cent stake in the company as of March 31, 2021, while FIIs held 27.5 per cent, DIIs 13.4 per cent and public and others 28.1 per cent.
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