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Buy Coromandel International Ltd For Target Rs.2000 - Motilal Oswal Financial Services Ltd Lower subsidy; high RM costs continue to hurt performance Operating performance above estimates * Coromandel International (CRIN) reported subdued operating performance in 2QFY25 (EBIT down 10% YoY) due to a lower NBS rate and high raw material prices, partly offset by healthy performance from the crop protection business (EBIT up 24% YoY). * With improved reservoir levels and forecasts of above-normal northeast monsoons, the company is expecting healthy growth in fertilizer volumes...
Buy Coromandel International Ltd For Target Rs.2000 - Motilal Oswal Financial Services Ltd
Buy Coromandel International Ltd For Target Rs.2000 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-17 11:45:02 am
Stock of the day : Coromandel International Ltd For Target Rs. 1890 - Religare Broking Coromandel International Ltd * COROMANDEL is trading keeping up the positive bias. * Previously, stock has given breakout over its falling trend line and has managed to sustain the same. * Stock has been under a clear uptrend, trading above its important moving averages, keeping up the positive bias. * Recommendation: maintain buy on COROMANDEL for medium term above its 100 EMA. * Traders are also recommended to accumulate the stock in the mentioned ran...
Stock of the day : Coromandel International Ltd For Target Rs. 1890 - Religare Broking
Stock of the day : Coromandel International Ltd For Target Rs. 1890 - Religare Broking
Source: Religare Broking Ltd
2024-11-13 10:15:25 am
Stock of the day : Coromandel International Ltd For Target Rs. 1767 - Religare Broking Coromandel International Ltd * COROMANDEL has recently formed a double bottom formation, keeping the positive tone intact. * Stock took support at 100EMA after some healthy correction from record highs, which impliedly reflects bullish sentiment continuation. * Range breakout is also seen out of rectangle consolidation range. * Verdict: Stock exhibits bullish sentiments. * Traders can accumulate as we maintain buy in the mentione   Buy Coromandel Internation...
Stock of the day : Coromandel International Ltd For Target Rs. 1767 - Religare Broking
Stock of the day : Coromandel International Ltd For Target Rs. 1767 - Religare Broking
Source: Religare Broking
2024-11-04 10:31:31 am
Coromandel International gains on incorporating Wholly-Owned Subsidiary in Vietnam Coromandel International is currently trading at Rs. 1593.40, up by 2.40 points or 0.15% from its previous closing of Rs. 1591.00 on the BSE. The scrip opened at Rs. 1615.00 and has touched a high and low of Rs. 1615.00 and Rs. 1571.75 respectively. So far 1064 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1792.00 on 26-Aug-2024 and a 52 week low of Rs. 1020.00 on 30-Oct-2023. Last one week high and low of the...
Coromandel International gains on incorporating Wholly-Owned Subsidiary in Vietnam
Coromandel International gains on incorporating Wholly-Owned Subsidiary in Vietnam
Source: Accord Fintech
2024-10-18 10:57:19 am
Coromandel International climbs on introducing 10 new crop protection products Coromandel International is currently trading at Rs. 1257.75, up by 26.90 points or 2.19% from its previous closing of Rs. 1230.85 on the BSE. The scrip opened at Rs. 1235.90 and has touched a high and low of Rs. 1272.20 and Rs. 1225.85 respectively. So far 13890 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1287.95 on 18-Dec-2023 and a 52 week low of Rs. 914.90 on 26-June-2023. Last one week high and low of t...
Coromandel International climbs on introducing 10 new crop protection products
Coromandel International climbs on introducing 10 new crop protection products
Source: Accord Fintech
2024-05-24 03:54:54 pm
Coromandel Increases Stake in Drone company Dhaksha ; Invests INR 150 crore to Support Research & Expansion Projects Coromandel International Limited, India's leading Agri solutions provider, through its wholly owned subsidiary Coromandel Technology Limited (CTL), announced acquisition of an additional 7% stake in Chennai-based drone manufacturing company Dhaksha Unmanned Systems Private Limited. Coromandel will invest INR 150 crores through fresh issue of shares to increase its overall shareholding in Dhaksha to 58%. Dhaksha, incorporated in 2019 and headquartered in Chennai, is a leading player in ...
Coromandel Increases Stake in Drone company Dhaksha ; Invests INR 150 crore to Support Research & Expansion Projects
Coromandel Increases Stake in Drone company Dhaksha ; Invests INR 150 crore to Support Research & Expansion Projects
Source: PR Agency
2024-05-14 09:34:20 am
Coromandel Expands Agtech Footprint; Increases Shareholding in Ecozen, a Climate-smart Deeptech Company Coromandel International Limited, India’s leading agri solutions company, has announced increasing its investment in Ecozen, a pioneering climate-smart technology solutions provider. The Rs 24 crores investment was made through its wholly owned subsidiary and corporate venture capital arm Dare Ventures Limited. With this, Coromandel has increased its shareholding in Ecozen to 5.54%, an increase of 3.13%. Ecozen is known for its innovative and sustainable solutions such as the solar-p...
Coromandel Expands Agtech Footprint; Increases Shareholding in Ecozen, a Climate-smart Deeptech Company
Coromandel Expands Agtech Footprint; Increases Shareholding in Ecozen, a Climate-smart Deeptech Company
Source: PR Agency
2024-05-07 10:35:03 am
Coromandel International rises as its arm subscribes 3.13% share capital of Ecozen Coromandel International is currently trading at Rs. 1226.60, up by 19.30 points or 1.60% from its previous closing of Rs. 1207.30 on the BSE. The scrip opened at Rs. 1213.40 and has touched a high and low of Rs. 1226.85 and Rs. 1193.50 respectively. So far 6392 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1287.95 on 18-Dec-2023 and a 52 week low of Rs. 908.80 on 22-May-2023. Last one week high and low of the...
Coromandel International rises as its arm subscribes 3.13% share capital of Ecozen
Coromandel International rises as its arm subscribes 3.13% share capital of Ecozen
Source: Accord Fintech
2024-05-06 02:47:02 pm
India`s Coromandel International posts 35% fall in Q4 profit on soft agrochemical demand Indian agricultural chemicals firm Coromandel International reported a nearly 35% fall in fourth-quarter profit on Thursday, hurt by subdued demand in its mainstay fertilizer and nutrient chemicals business. Net profit fell to 1.60 billion rupees ($19.2 million) for the quarter ended March 31 from 2.46 billion rupees a year earlier. Revenue from operations fell about 28% to 39.13 billion rupees, making it the company's fourth consecutive quarter of decline. For further results hi...
India`s Coromandel International posts 35% fall in Q4 profit on soft agrochemical demand
India`s Coromandel International posts 35% fall in Q4 profit on soft agrochemical demand
Source: Reuters
2024-04-25 04:15:34 pm
Buy Coromandel International Ltd For Target Rs. 1,345 - Elara Capital Capex improves profit growth visibility Lower subsidy drags fertilizer business EBITDA Coromandel International (CRIN IN) reported subdued results but in line with our estimates. Top line came in at INR 54.5bn vs our estimates of INR 52.0bn. EBITDA declined 54% to INR 3.6bn, in line with our estimates due to a sharp cut in subsidy for H2FY24. Subsidy (fertilizer) business EBITDA fell 77% YoY and EBITDA per tonne (total volume ex-Urea) by 74% to INR 1,201. Q4FY24 is expected to be soft a...
Buy Coromandel International Ltd For Target Rs. 1,345 - Elara Capital
Buy Coromandel International Ltd For Target Rs. 1,345 - Elara Capital
Source: Elara Capital
2024-02-11 01:59:19 pm
Coromandel International surges on getting nod to set up Phosphoric Acid and Sulphuric Acid Plants at Kakinada Coromandel International is currently trading at Rs. 1067.70, up by 17.40 points or 1.66% from its previous closing of Rs. 1050.30 on the BSE. The scrip opened at Rs. 1059.85 and has touched a high and low of Rs. 1076.55 and Rs. 1050.25 respectively. So far 15299 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1287.95 on 18-Dec-2023 and a 52 week low of Rs. 842.00 on 21-Mar-2023. Last one week high and low of th...
Coromandel International surges on getting nod to set up Phosphoric Acid and Sulphuric Acid Plants at Kakinada
Coromandel International surges on getting nod to set up Phosphoric Acid and Sulphuric Acid Plants at Kakinada
Source: Accord Fintech
2024-01-31 10:56:58 am
Coromandel says normalcy restored after ammonia leak at Chennai plant Coromandel International said on Wednesday that normalcy has been restored at its Ennore Plant in Chennai after reports of an ammonia gas leak. “As part of routine operation, we noticed abnormality on 26/12/2023 at 23.30 hrs in the ammonia unloading subsea pipeline near shoreside, outside the plant premises. Our Standard Operating Procedure activated immediately, and we have isolated ammonia system facility and brought the situation to normalcy in the shortest time,” the compan...
Coromandel says normalcy restored after ammonia leak at Chennai plant
Coromandel says normalcy restored after ammonia leak at Chennai plant
Source: IANS
2023-12-27 12:56:47 pm
Mid Cap : Buy Coromandel International Ltd For Target Rs.1,299 - Geojit Financial Volume trims topline.. Margins supports bottom line Coromandel International Ltd. (CRIN) is one of the leading private sector fertilizer manufacturers in the country. CRIN is one of the key producers of NPK and SSP grade fertilizers. • Despite flat EBITDA growth, margin improved by 470bps to 15.2%% YoY, owing to stable RM prices and backward integration. • During Q2, CRIN launched neem-oil-based biopesticides and planned to launch non-neem-based biopesticides in H2FY24. ...
Mid Cap : Buy Coromandel International Ltd For Target Rs.1,299 - Geojit Financial
Mid Cap : Buy Coromandel International Ltd For Target Rs.1,299 - Geojit Financial
Source: Geojit Financial Services Ltd
2023-11-21 03:56:23 pm
Buy Coromandel International Ltd For Target Rs. 1,300 - Motilal Oswal Margins improved YoY, led by softening RM costs and backward integration in fertilizer business In-line operating performance * Coromandel International’s (CRIN) experienced a marginal 1% decline in its EBIT during 2QFY24, despite a steep ~31% YoY decline in revenue. Softening of raw material prices and the benefits of backward integration led to EBIT growth of 4% YoY in the Nutrients and Allied business (EBIT contribution: 92%). On the other hand, the Crop Protection business (EB...
Buy Coromandel International Ltd For Target Rs. 1,300 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs. 1,300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2023-11-15 10:34:39 am
Coromandel International soars on incorporating wholly-owned subsidiary Coromandel International is currently trading at Rs. 1060.00, up by 12.10 points or 1.15% from its previous closing of Rs. 1047.90 on the BSE. The scrip opened at Rs. 1061.95 and has touched a high and low of Rs. 1067.20 and Rs. 1049.80 respectively. So far 2185 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1185.25 on 09-Oct-2023 and a 52 week low of Rs. 838.95 on 27-Jan-2023. Last one week high and low of the...
Coromandel International soars on incorporating wholly-owned subsidiary
Coromandel International soars on incorporating wholly-owned subsidiary
Source: Accord Fintech
2023-11-02 01:53:50 pm
With lower costs & revenue. Coromandel International logs Q2 PAT Rs 762 cr Aided by lower material and other costs, fertiliser major Coromandel International Ltd logged higher net profit on a lower operational revenue for the quarter ended September 30.In a regulatory filing, Coromandel International said it had closed the quarterwith an operational revenue of Rs 6,985.6 crore (Q2FY23 Rs 10,108.62 crore) and a net profit of Rs 762 crore (Rs 738.12 crore).During the quarter under review, the total expenses of the company stood at Rs 6,019.42 crore down from Rs 9,153....
With lower costs & revenue. Coromandel International logs Q2 PAT Rs 762 cr
With lower costs & revenue. Coromandel International logs Q2 PAT Rs 762 cr
Source: IANS
2023-10-26 04:28:25 pm