External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Navin Fluorine International / Equity Bottom-Up

<ul><li>We retain a BUY on Navin Fluorine International Ltd (NFIL), with a target price of INR 4,797, on the back of (1) earnings visibility, given long-term contracts;</li><li>(2) robust pipeline in the CDMO business; and</li><li>(3) ramp-up in recentlycommissioned plants. EBITDA/APAT were 10/3% above our estimates, owing to higher-than-expected revenue, offset by higher-than-expected raw material, depreciation, and finance cost.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We retain a BUY on Navin Fluorine International Ltd (NFIL), with a target price of INR 4,797, on the back of (1) earnings visibility, given long-term contracts;(2) robust pipeline in the CDMO business; and(3) ramp-up in recentlycommissioned plants. EBITDA/APAT were 10/3% above our estimates, owing to higher-than-expected revenue, offset by higher-than-expected raw material, depreciation, and finance cost.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Navin Fluorine International - Advancing Refrigeration Foray