Coromandel International inches up on incorporating wholly owned subsidiary
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Coromandel International is currently trading at Rs. 902.65, up by 2.65 points or 0.29% from its previous closing of Rs. 900.00 on the BSE.
The scrip opened at Rs. 900.00 and has touched a high and low of Rs. 903.95 and Rs. 895.90 respectively. So far 2097 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 730.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 905.85 and Rs. 843.20 respectively. The current market cap of the company is Rs. 26460.88 crore.
The promoters holding in the company stood at 57.44%, while Institutions and Non-Institutions held 28.58% and 13.97% respectively.
Coromandel International has incorporated wholly owned subsidiary company namely ‘Coromandel Technology’ on December 27, 2022. The wholly owned subsidiary company will be involved in Designing, Development and Manufacture of Unmanned Aerial Vehicles (UAV), and UAV Mapping services, Robotics systems, Aerospace systems, Aircraft systems, Simulation and Augmented Virtual Reality Systems, Unmanned Ground Systems, Underwater systems, Security systems and associated training and skill development and Engineering services and to transport, logistics, surveillance, Robotic aerospace, navigation, etc. Coromandel Technology is yet to commence business.
Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.
