Mid Cap Stock Plunges 24.44% From 52-Week High, Board To Mull Dividend Soon

Mid cap stock, Navin Fluorine International Limited witnessed a decline of 24.44% from its 52-week high price of Rs 4922.00 per share. Current market price of Navin Fluorine share on BSE is Rs 3718.85 apiece. Navin Fluorine shares offered shareholders return of 10,008.63% in last 10 years when Sensex soared 231.37%. Board of directors of Navin Fluorine will consider interim dividend and quarterly results on October 31 meeting. Check details below:

Navin Fluorine Will Consider Quarterly Results, Interim Dividend This Month: As per the BSE filing generated on September 26, 2023, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, October 31, 2023, inter-alia, to consider, approve and take on record, the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ending September 30, 2023, and to consider declaration of interim dividend for the financial year 2023-2024."

Previously, Navin Fluorine announced a final dividend of Rs. 7 per equity share of the face value of Rs. 2/- each (i.e. 350% of the face value) for the FY 2022-2023. Navin Fluorine International shares traded ex-dividend on July 7, 2023. It has already announced 38 dividends since June 28, 2004.

Navin Fluorine Stock Performance, Return: Last trading price of Navin Fluorine stock on BSE is Rs 3718.85 per share with intraday gain of 0.63%. Its 52-week high price is Rs 4922.00 per share and 52-week low price is Rs 3650.50 per share, respectively. The company's market capitalisation as on October 6, 2023 was Rs 18,437.04 crore. Navin Fluorine shares declined 21% in last 1-month, fell 19% in last 1-year, witnessed a dip of 7% in last 2-years, offered a rally of 80% in last 3-years, and soared 480% in last 5-years.

Navin Fluorine Recent Quarterly Performance: The company for the April-June quarter announced its net profit at Rs 61.50 crore, down 17.3% as against Rs 74 crore declared last fiscal. The company declared its revenue at Rs 491.1 crore, up 23.5% YoY as compared to Rs 397 crore. Meanwhile, EBITDA (Earnings before interest, taxes, depreciation, and amortization) for the quarter announced at Rs 114.1 crore, up 15% from Rs 99 crore declared in the corresponding quarter last fiscal.

Navin Fluorine About: It came into existence in 1967. It operates one of the largest integrated fluorochemicals complexes in India with manufacturing locations at Surat and Dahej in Western India and Dewas in Central India. Our R&D centre named as Navin Research Innovation Center (NRIC) is located at Surat, India, according to its official website.

Disclaimer: The stock just highlights the dividend, results to be declared and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.