Equirus lowers the credit rating of Nanjun Fluoride Industry.

Equirus Securities Limited analyst Siddarth Gadekar has downgraded Navin Fluorine International Limited's rating from "buy" to a target price of 4250 rupees, a decrease of 7.5% from the previous trading day. Navin Fluorine announced lower than expected quarterly earnings on May 9, with sales exceeding expectations.