Jefferies hikes Navin Fluorine share price target, forecasts 14% upside. 4 reasons why
Indian markets moved higher in a quarterly results development for FY29.
· Economic Times Markets, ET Stocks
Jefferies has retained its Buy rating on Navin Fluorine International and raised its price target to Rs 9,405, citing growth prospects in CDMO, R32 and the Chemours project. The brokerage expects a 23% EPS CAGR through FY29, while the company’s Q1FY27 profit more than doubled year-on-year to Rs 243 crore.
Key facts
- Period
- FY29 and Q1FY27
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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