New Delhi, June 17 -- Shares of Navin Fluorine International Ltd. climbed more than 6 percent on Tuesday, June 17, hitting a fresh 52-week high after Jefferies maintained a bullish stance on the specialty chemicals firm. The brokerage reiterated its "buy" rating and set a price target of Rs.5,280, indicating a potential upside of 17 percent from Monday's closing.

According to Jefferies, Navin Fluorine is strategically positioned to monetise the Rs.2,000 crore capex it has invested over the past three years. These investments, the brokerage noted, are expected to convert into long-term contracts, driving sustainable earnings growth in the years ahead.

Jefferies expects Earnings Per Share (EPS) for Navin Fluorine to rise at a CAGR of 35 p...