SRF, Navin Fluorine shares rally 14% as refrigerant gas price increase
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Shares of chemical players SRF Ltd and Navin Fluorine International surged as much as 14% on Thursday after a report from brokerage firm Equirus Capital highlighted a sharp rise in global refrigerant gas prices. The rally follows warnings from a leading U.S. distributor with significant quotas, which cited severe supply constraints for key refrigerant gases, R32 and R125. These constraints are creating challenges for the Heating, Ventilation, and Air Conditioning (HVAC) industry, which depends heavily on these gases for its operations. SRF Ltd shares jumped as much as 13.8% on Thursday to Rs 2674.9 on the BSE, while shares of Navin Fluorine International rallied as much as 13.9% to reach Rs 3974.15 on the BSE. Analysts at Equirus noted that the supply dynamics of refrigerant gases have tightened globally, pushing prices higher and offering substantial financial benefits for producers like SRF and Navin Fluorine. SRF is well-positioned to ...