Shares of SRF Ltd and Navin Fluorine surge as refrigerant gas prices soar by up to 200%.
Shares of SRF Ltd and Navin Fluorine International jumped by up to 14% after reports of a significant price increase in refrigerant gases R32 and R125 due to supply constraints. The price hike, up to 200%, is boosting the companies' earnings potential. SRF, with a production capacity of 29,000-30,000 tons of R32, could see its EBITDA rise by ₹260 crore. Navin Fluorine plans to double its capacity to 9,000 tons by next month, potentially adding ₹77 crore to its EBITDA.
3 months ago
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