NAVIN
FLUORINE INT LTD
FINANCIAL DATA
SECTOR: -- The Company primarily focuses on fluorine
chemistry-producing refrigeration gases chemicals inorganic bulk fluorides
specialty organofluorines and offers contract research and manufacturing
services.
F.Y-2022-23 MAR-2023 Qtr JUNE-2023 Qtr
Sales:-
1628.14Cr 451.41cr 350.71cr
Net Profit:-
312.49cr 87.82cr 63.01cr
E.P.S:- 63.05 17.72 12.71
Cash-E.P.S:-
71.66 19.15 15.06
O.P.M:-
28.43% 29.40% 27.41%
N.P.M:- 19.19% 19.45% 17.97%
Equity: - 9.91 cr-- Face Value:-2,Book Value:-372.16,
Price/Book:-10.12,Dividend Yield:-0.32,Share Holding Pattern:- Promoters—28.21%
& Public---71.19%, Market Cap:-18,672cr.
TTM (E.P.S):-73.08(+28.59YoY), TTM (PE):-51.54, Sector (PE):--36.77
Data Source: - www.bseindia.com & www.moneycontol.com.
All-Time High:--4950 made on 15.05.2023.
All-Time Low: -- 14.80 made on 25.03.2009.
Recent Low:-3124.10 made on 14.05.2021.
Open—4000--High—4000.05--Low—3726.65--Close—3766.70 on 29.9.2023.
Support:3764.80/3726.65/3667/3587.35/3557.95/3540/3500/3432.85/3360/3260/3219/3202.50/3124.10/2932/2820.
Resistance:3847.35/3956.85/4033/4058/4127.55/4151.25/4220/4329/4366/4394/4511.25/4553.70/4639.65/4672/4725/4744.95/4848.35/4879.95/4980.
(Bold and
underlined figures are most important).
It has been moving in a range of 4848.35---3764.80 since 15.9.2022
but hit a new all-time high of 4950 on 15.5.2023 but could
not sustain above the range and eventually broke the lower band of the range on
29.9.2023 intraday but managed to close shade above it, but still is a
very weak sign, in fact one technical parameters on the weekly chart started
showing weakness in the upper range of 4848.35 only.
The devastating single day fall on 29.9.2023 has ruined the chart
setup and it has not only slipped into short, medium and deep long term
corrective mode but into bear market territory also, furthermore almost all the
important technical indicators are negative on the daily, weekly and monthly
chart which is highly concerning and indicates further fall may be ahead if price
action does not improve. Therefore all together it is on an extremely weak
technical footing now and likely to go down further, so watch out few trading
sessions for clear direction. It is important to mention here that it may get a
foothold if it moves above 3960 and sustain on the closing basis. The
overall bias is hugely bearish as of now.
Moving down from here it may find good support at 3726.65---3555---3489---3276---3155,
all these points could be bounce back points also, but sustained break below 3726.65
will weaken it further and then break below each support point will make it weaker
and the range of 3276---3155 will be the last critical support range
from where a bounce back can be expected, but sustained break below the range
could drag it down much lower, which please note.
Similarly moving up it will face stiff resistance at 3960---4070---4253---4519,
please note that sustained close above 3960 will take it out from
bear market territory and deep long term corrective mode, sustained close above
4070 may provide it some strength and it may resume the up move and
finally sustained close above 4519 will take it out from all corrective
mode and it may pick up strong up momentum.
REMARKS: - In view of the devastating fall the stock has to be watched for at least 4-5
trading sessions before taking an investment or long trading call.
NOTE: - It is a technical assessment of the stock as of now, the
technical interpretation changes with the price movement and time, therefore it
has to be reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:-The view expressed here are solely of the author and he is
not at all responsible in any way for the outcome of the trade you enter based
on the above view.
Kindly note that make your cost your
stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
