New Delhi, Oct. 31 -- Shares of Navin Fluorine International, one of the largest Indian manufacturers of speciality fluorochemicals, surged 17.3% in Friday's intraday trade, October 31, to hit a fresh record high of Rs.5,839 apiece, after the company delivered a stellar performance in the September quarter.

The robust results also led analysts to revise their target prices upward, helping the stock snap a six-day losing streak.

The company delivered an impressive performance, reporting robust growth across all three business divisions and a notable margin expansion. Revenue came in at Rs.758 crore, marking a 46% YoY and 5% QoQ increase.

Segment-wise, the HPP segment recorded a revenue growth of 38% YoY to Rs. 404 crore, driven by volum...