Navin Fluorine rally rides on strong outlook, but valuations look stretched
Navin Fluorine International Ltd’s stock has delivered almost 60% returns over the last one year. On 10 February, the shares hit an all-time high of ₹6,965 apiece and are now trading around 7% lower. This comes at a time when the broader market returns have been lacklustre. Part of Navin Fluorine’s recent outperformance is led…