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Extending gains for the second consecutive session, shares of fluorochemical manufacturer Navin Fluorine on Wednesday rallied 12 per cent on the back of a multi-year contract from a global firm.
On the BSE, shares rose 11.95 per cent to hit a 52-week high of ₹1,558.25 per unit.
Similarly, on the NSE, the stock surged 12.06 per cent to its 52-week peak of ₹1,629.80.
The stock had closed 19.99 per cent up at ₹1,455.10 on the BSE.
The company on Tuesday said it has signed a multi-year contract worth USD 410 million (about ₹2,900 crore) with a global company for supply of products in the fluorochemicals space.
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Navin Fluorine inks ₹2,900-cr multi-year contract with a global company
The capex and project will be executed through its wholly-owned subsidiary, Navin Fluorine Advanced SciencesNavin Fluorine is in the business of manufacturing speciality fluorochemicals. It is a part of Padmanabh Mafatlal Group.
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