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Navin Fluorine shares rally for 2nd day; soar 12% to hit 52-week high

The stock had closed 19.99 per cent up at Rs 1,455.10 on the BSE.

PTI|
Last Updated: Feb 26, 2020, 03.39 PM IST
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The company on Tuesday said it has signed a multi-year contract worth $410 million (about Rs 2,900 crore) with a global company for supply of products in the fluorochemicals space.
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 Rs 1,558.25 per unit.

Similarly, on the NSE, the stock surged 12.06 per cent to its 52-week peak of Rs 1,629.80.

The stock had closed 19.99 per cent up at Rs 1,455.10 on the BSE.

The company on Tuesday said it has signed a multi-year contract worth $410 million (about Rs 2,900 crore) with a global company for supply of products in the fluorochemicals space.

"The company has entered into a $410 million multi-year contract with a global company for manufacture and supply of a high performance product in the fluorochemicals space," it said in a BSE filing.

Navin Fluorine is in the business of manufacturing speciality fluorochemicals. It is a part of Padmanabh Mafatlal Group.
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