Coromandel International soars on getting nod to expand operations in crop protection chemicals
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Coromandel International is currently trading at Rs. 888.20, up by 21.40 points or 2.47% from its previous closing of Rs. 866.80 on the BSE.
The scrip opened at Rs. 873.95 and has touched a high and low of Rs. 892.05 and Rs. 872.05 respectively. So far 1324 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. 779.80 on 28-Mar-2022.
Last one week high and low of the scrip stood at Rs. 892.05 and Rs. 842.00 respectively. The current market cap of the company is Rs. 25485.11 crore.
The promoters holding in the company stood at 57.41%, while Institutions and Non-Institutions held 28.25% and 14.34% respectively.
Coromandel International has received an approval from its board to expand its operations in Crop Protection Chemicals and foray into Contract Development & Manufacturing Organisation (CDMO) business.
The Board further approved the plan to diversify into new growth areas namely Speciality and Industrial Chemicals. This is in line with the company’s strategy to establish a sizeable presence in the Crop Protection Chemicals business and leverage its deep technical capabilities and best in class infrastructure to enter into adjacencies like CDMO, Speciality and Industrial Chemicals.
Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.
