Shares of Navin Fluorine Ltd. surged as much as 11% to a record high of ₹8,450 on Thursday, August 6, marking their biggest single-day gain since October 2025, after the speciality chemicals maker reported a strong set of June-quarter earnings and drew positive commentary from brokerages.The company reported a 107.6% year-on-year jump in consolidated net profit to ₹243.3 crore for the quarter ended June, compared with ₹117.2 crore a year ago. Revenue from operations rose 44.1% to ₹1,045.1 crore, while EBITDA climbed 72.7% to ₹357 crore.Operating profitability also improved sharply, with the EBITDA margin expanding to 34.2% from 28.5% a year earlier, aided by stronger volumes, better realisations and operating leverage across businesses.The board also approved a ₹90 crore capital expenditure to establish adoption capacities at its Surat facility for its Advanced Materials portfolio. The investment is aimed at scaling laboratory-stage products to commercial qualification, strengthening the company's presence in specialised fluorochemical applications.Navin Fluorine said its High Performance Products business benefited from volume growth and higher realisations, supported by a favourable pricing environment for hydrofluorocarbons .The company is ramping up its acid hydrofluoric facility commissioned in the March quarter and remains on track to commission additional HFC capacity of up to 15,000 metric tonnes per annum of R32 in the third quarter of FY27.Its Speciality Chemicals business continues to enjoy healthy order visibility, with the Chemours project expected to be completed by the end of the second quarter of FY27 and debottlenecking at its Dahej multi-purpose plant slated for commissioning in the third quarter.The CDMO business also maintained momentum, backed by a strong order book and deeper engagement with a European CDMO major.Brokerages turned constructive following earningsUBS maintained its "Buy" rating on the stock and raised its price target to ₹9,000, implying an upside of about 7% from current levels. The brokerage said Navin Fluorine has made a strong start to FY27, with broad-based growth across businesses. It expects the CDMO segment to continue leading growth, while the Speciality Chemicals and HPP businesses remain strong.Jefferies also reiterated its "Buy" rating with a target of ₹9,045, indicating a potential upside of around 7.5%. The brokerage noted that June-quarter EBITDA and net profit were 16% and 25% ahead of its estimates, driven by the HPP business.It expects a strong pipeline in CDMO, cooling products and speciality chemicals to anchor medium-term growth, while the new advanced materials capex could emerge as another growth engine. Jefferies also upgraded its FY27 and FY28 profit estimates and projects a 23% earnings per share compound annual growth rate over FY26-FY29.Citi, however, retained its "Sell" rating, though it raised its target price to ₹7,200, implying a downside of about 14% from current levels. While acknowledging the company's strong execution, sustainable EBITDA margins and new growth investments, the brokerage believes much of the earnings strength has already been priced in after the stock's sharp rally over the past year.Citi also flagged the risk of weaker R32 pricing as industry capacity expands, which could weigh on future profitability.29 analysts have coverage on Navin Fluorine, of which 23 have a "buy" rating on the stock, two say "hold" and four have a "sell" rating on the counter.Shares of Navin Fluorine are trading 10.7% higher on Thursday at ₹8,422, having made a record high of ₹8,450. The stock is now up 42% so far for the year.Also read: Swiggy shares jump 5% after setting a ₹10,000 crore adjusted EBITDA target by FY31