Navin Fluorine shares rally not over yet, says Jefferies; sees another 30% upside

About this update from Navin Fluorine International Limited

Brokerage firm Jefferies has maintained a 'Buy' rating on Navin Fluorine International Ltd., assigning a price target of ₹6,025 per share. This implies an upside potential of nearly 30% from Monday's closing level. The brokerage wrote in its note that Navin Fluorine has commenced deliveries of three new molecules in its specialty chemicals segment. Deliveries have also started for one new molecule in the Contract Development and Manufacturing Organisation (CDMO) vertical. Prices of R-32 refrigerant gas remain firm, led by strong demand from the United States and restricted exports from China. Jefferies also mentioned about the recently secured data centre cooling contract with Samsung that is expected to open up an additional growth opportunity. From a valuation perspective, Jefferies said that Navin Fluorine is currently trading at its long-term average forward Price-to-Earnings (P/E) multiple, while still offering an estimated 36% compound annual growth rate (CAGR) in earnings per share (EPS) during FY2025-FY2028. Shares of Navin Fluorine International Ltd. are trading 0.30% higher on Tuesday at ₹4,688.90. The stock has surged 43% so far in 2025.

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