Navin Fluorine - Much Awaited MD Announcement A Sentiment Booster: Nirmal Bang

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Navin Fluorine International Ltd.’s management has announced the appointment of Mr Nitin Kulkarni as the new Managing Director yesterday. This has come nearly eight months after Mr Radhesh Welling had tendered his resignation. Investors were concerned regarding the clarity on leadership, as reflected in the stock price (stock fell ~30% after earlier MD’s resignation). We see appointment of the new MD as a sentiment booster as he has worked with Navin Fluorine in one of his previous stints and also comes with over three decades of rich experience in Fluorochemicals and CDMO. Unlike other Specialty Chemicals companies, Navin Fluorine’s nearly 3/4th revenue is associated with global innovators and hence having an equally competent person at the helm remains the key.We remain positive on the Complex Fluorination space and Navin Fluorine on a structural basis. While there is clarity on the leadership now, near-term challenges such as order deferrals in high value business could be an overhang on the stock. Maintain Accumulate..Click on the attachment to read the full report:.Here Are The Top Stock Picks For June 2024 By Axis Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Navin Fluorine - Much Awaited MD Announcement A Sentiment Booster: Nirmal Bang

We remain positive on the Complex Fluorination space and Navin Fluorine on a structural basis

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Navin Fluorine - Much Awaited MD Announcement A Sentiment Booster: Nirmal Bang

We remain positive on the Complex Fluorination space and Navin Fluorine on a structural basis

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