New Delhi, Aug. 6 -- Navin Fluorine shares surged 14% in Thursday's intraday trade, August 6, to hit a fresh all-time high of Rs.8,648 apiece, after the company's better-than-expected June quarter performance prompted domestic brokerages to raise their target prices while reiterating bullish views on the stock.

Axis Securities raised its target price on Navin Fluorine to Rs.8,600 from Rs.8,000 per share while maintaining its 'Buy' rating.

The brokerage said NFIL maintains a highly optimistic outlook for sustainable growth across its business segments, supported by a robust pipeline of opportunities and the upcoming commissioning of major capacity expansions, including the new HFC capacity, the MPP de-bottlenecking, and the Chemours liqu...