Shares of Navin Fluorine International Ltd. tumbled 3.10% to ₹4,115 in early trade on April 3 after the U.S. administration under President Donald Trump announced a 26% reciprocal tariff on Indian imports. The chemical sector, which faces significant exposure to U.S. markets, was hit hard in the opening session, with Navin Fluorine emerging as one of the key losers.
The sharp correction comes amid concerns that Indian specialty chemical exporters will face margin pressure due to the steep hike from the earlier import duty of 3.5% to 26%. Navin Fluorine derives an estimated 25% of its revenue from U.S. exports, according to sector analysts. This high exposure puts it at risk of losing competitiveness unless companies are able to renegotiate contracts or pass on the costs.
As of 9:36 AM, Navin Fluorine shares were trading at ₹4,115, down ₹131.75 from the previous close of ₹4,246.75. The stock saw an intraday low of ₹4,145.70 and currently holds a market capitalization of ₹205.85 billion.
With reciprocal tariffs taking effect on April 9, the coming sessions will be critical for chemical exporters navigating the new trade landscape.
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