Navin Fluorine makes new 52-week high post Dewas plant commencement

The share of Navin Fluorine International Limited scaled up to a new 52-week high on January 8, 2020 (Wednesday), exceeding its previous high. The positive move was witnessed post the commencement of its commercial plant in Dewas (Madhya Pradesh).

The company in an exchange filing stated that after their successful mechanical completion and plant trials, it commenced its commercial production with effect from January 6, 2020. The statement was released after the market hours on January 7, 2020 (Tuesday).

A part of Padmanabh Mafatlal Group, Navin Fluorine, which primarily focusses on fluorine chemistry, has the largest integrated fluorochemicals complex in India since 1967.

At the time of market opening on Wednesday, the stock of Navin Fluorine was trading at Rs 1,045.00, against its previous close of Rs 1,021.80. The stock moved further up during the day and at the time of market closing, it was trading at Rs 1,090.65, up by 6.74 per cent or Rs 68.85 per share. It touched a new 52-week high at Rs 1,104.75, while its 52-week low is Rs 570.20.