Shares of Navin Fluorine International Limited rose by 10% to trade at ₹3,842 after reports of a significant price hike in refrigerant gases like R32 and R125 by US gas distributors. The supply disruptions and increased demand have driven prices higher by up to 200%, benefiting producers like Navin Fluorine.
Key Highlights:
- Impact of R32 Price Hike: According to Equirus Securities, a $1/kg increase in R32 realization could boost Navin Fluorine’s EBITDA by ₹77 crores.
- Capacity Expansion: Navin Fluorine currently has a production capacity of 4,500 tons of R32. The company is set to double this capacity to 9,000 tons by February 2025, further positioning itself to capitalize on the price hikes.
Navin Fluorine Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Wed, Jan 8 2025
|
₹3,480.00
|
₹3,493.15
|
|
|
Tue, Jan 7 2025
|
₹3,350.00
|
₹3,478.30
|
|
|
Mon, Jan 6 2025
|
₹3,375.00
|
₹3,346.90
|
-0.38%
|
|
Fri, Jan 3 2025
|
₹3,301.70
|
₹3,359.65
|
|
|
Thu, Jan 2 2025
|
₹3,282.55
|
₹3,301.70
|
|
|
Wed, Jan 1 2025
|
₹3,246.30
|
₹3,280.25
|
|
|
Tue, Dec 31 2024
|
₹3,217.95
|
₹3,245.80
|
|
|
Mon, Dec 30 2024
|
₹3,312.65
|
₹3,217.50
|
-2.87%
|
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