Shares of Navin Fluorine International (NFIL) gained as much as 3% to their day’s low of Rs 8,435 on the BSE on Friday after international brokerage Jefferies raised the target price to Rs 9,405, forecasting an upside of 14% from current market levels.
Jefferies, while retaining a Buy call, said the hike in target prices comes on the back of management's renewed confidence in strong growth until 2030, driven by new molecules in specialty chemicals, more value addition in Nubeqa, likely new patented products in CDMO, ramp-up in the Chemours contract and R32 capacity.
