Coming to the buildup of fresh short positions, when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up.

Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 32549.62 Crore) operating in Fertilisers sector.

Mainstream investment giants such as BlackRock and Fidelity, as well as crypto-focused firms like Grayscale, have filed applications for spot bitcoin ETFs. The U.S. Securities and Exchange Commission will be considering eight to 10 filings for new spot bitcoin products, its chair said on Thursday, without giving details of timing of decisions.

Sharekhan is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 1222 in its research report dated October 27, 2023.

Motilal Oswal is bullish on Coromandel International recommended buy rating on the stock with a target price of Rs 1300 in its research report dated October 27, 2023.

Several large and midcap stocks showcased noteworthy movements by surpassing their 50-day SMA, signaling potential shifts in their stock trends.

EBITDA of the fertiliser market stood at Rs 1,058.7 crore. The operating margin of the company during the quarter was at 15.24 percent improving from 10.43 percent a year ago.

The Bhubaneswar Municipal Corporation (BMC) has completed the cremation of 28 unclaimed bodies from the triple train accident that occurred in Odisha's Balasore district four months ago. Women volunteers participated in the funeral, regardless of the religion or gender of the deceased.

Sectorally, buying was seen in capital goods, IT, consumer durables, auto, and bank stocks while power, utilities, healthcare, and telecom stocks witnessed selling pressure

The stock has been trading in a rising channel since 2014-2015 on the monthly charts. It has always bounced back after retesting the lower trendline of the channel pattern.

The PAC, chaired by senior Congress leader Adhir Ranjan Chowdhury, in its report tabled in Parliament also pointed out lacunae in adhering to Joint Procedure Orders (JPO) relating to the digging work in vicinity of signalling, electrical and telecommunication cables.Referring to the Balasore train tragedy that claimed 291 lives, the committee said, "In light of the potential accidents that could arise due to cable cuts, the committee emphatically urged the ministry to prioritise protection and maintenance of Optical Fibre Cable (OFC) communication system".

The Public Accounts Committee (PAC) of India calls for strict safety measures and adherence to Joint Procedure Orders (JPO) by Indian Railways, following procedural lapses during maintenance works that led to cable faults. The PAC report also highlights that the recent derailment of Coromandel Express is a reminder of the severe consequences of such incidents and requires immediate action, including investing in advanced technology.

Motilal Oswal is bullish on Coromandel International recommended buy rating on the stock with a target price of Rs 1185 in its research report dated July 30, 2023.

Sharekhan is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 1155 in its research report dated July 28, 2023.

The loco pilot and assistant loco pilot of Jammu Tawi-Sealdah Express have been suspended for jumping a red signal near Bhabhua Road station in Bihar's Kaimur district, and running for about two kilometers on the wrong tracks. While no injuries occurred, the Indian Railways has ordered a high-level five-member committee to investigate the incident.

Bajaj Allianz Life Insurance's Sampath Reddy, prefers value-oriented stocks over growth and expects the market valuation to peak between 19 to 20 times PE in the coming year. Although the market valuations are slightly high, the Indian macro economy is performing well in terms of GDP growth and benign inflation, driving higher valuations. Reddy notes the shift from growth to value-oriented, higher-interest rate-sensitive utility sectors and believes it will continue.

Sharekhan is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 1155 in its research report dated July 28, 2023.

Revenues fell 0.6 percent at Rs 5740 crore year-on-year in Q1FY24.

The ideal strategy would remain to buy on dips and book profits at higher levels

Rajya Sabha was also informed that the automatic train protection system, Kavach, has so far been deployed on 1,465 route km and 121 locomotives (including Electric Multiple Unit rakes) in the South Central Railway. Kavach tenders have been awarded for Delhi-Mumbai and Delhi-Howrah corridors (approximately 3,000 route km) and the work is in progress on these routes.

Seven railway employees, including three employees arrested by the CBI, were suspended on the charge of dereliction of duty leading to the triple train crash in Odisha, a top official said. As many as 293 people were killed and over 1,200 injured in the triple train collision near Bahanaga Bazar railway station in Balasore district on June 2.

"The case was earlier registered at Balasore GRPS, District Cuttack (Odisha) vide GRPS Case No.64 dated June 3 regarding the said mishap," an official statement by the CBI read. A CBI probe was instituted in the case in light of allegations that electronic interlocking system of the Coromandel Express had been tampered with. The triple-train accident on June 2 involved the Chennai-bound Coromandel Express, the Howrah-bound Shalimar Express, and a goods train.

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"We will not be disclosing anything on the CRS report as another independent CBI inquiry is underway. This is to ensure that this report does not in any way influence or interfere with the other report. We will take cognisance of both the reports and make an overall evaluation of the incident and then take whatever steps necessary," a senior official told PTI.

The Appointments Committee of the Cabinet, on the recommendation of the Railway Board, appointed Anil Kumar Misra -- an Indian Railway Service of Electrical Engineers officer -- as the South Eastern Railway general manager, a post held by Archana Joshi. Joshi, a 1985-batch Indian Railway Traffic Service (IRTS) officer, assumed charge as South Eastern Railway general manager o-n July 30, 2021.

Fertiliser and pesticides maker Coromandel International on Thursday said that it had increased its stake in drone manufacturer Dhaksha Unmanned Systems to acquire majority control, for Rs 204 crore.

Stocks including Gillette India, Trident, Petronet LNG, Coromandel International, and Vodafone Idea broke out from their 200-day Simple Moving Average (SMA) on Monday, June 26, 2023, indicating a potential shift in market sentiment. Gillette India closed at Rs 5,103.2, Trident at Rs 33.9, Petronet LNG at Rs 220.35, Coromandel International at Rs 936.4, and Vodafone Idea at Rs 7.65, all surpassing their respective 200-day SMAs. The stocks' ability to maintain sustained upward momentum will be closely monitored by investors, whilst their ability to capitalise on emerging opportunities will be critical.