Navin Fluorine on the move

Navin Fluorine was up and about yesterday with very high volumes and today too, it remains firmly in the green, going up over Rs.100 in the early morning trades to Rs.3129. Its 52-week high is at Rs.3250.

There was a lot of bulk buying and selling as promoters sold off their entire stake which in turn was purchased by some FIIs.

Promoter Mafatlal Industries sold off its entire stake of 1.2% or 1.18 lakh shares and NOCIL sold off 4.8% stake or 4.71 lakh shares at an average price of Rs.2875/share.

The buyers were – Goldman Sachs 0.7% or 68,886 shares; HSBC Global 1.6% or 1.56 lakh shares; GMO Emerging Domestic Opportunities Fund bought 1.6% or 1.57 lakh shares and GSA MGT bought 56,263 shares or 0.6%.

These activities have kept the stock price buoyant today.