Coromandel International adds Rs4.5 billion (US$63.4 million) in MCap, top heavyweight rise in Fertilizers sector
Coromandel International Limited (NSE:COROMANDEL), India's largest Fertilizers company by market cap, has lifted Rs15.40 (2.6%) from its previous trading session to close at Rs601.75. Compared with the BSE SENSEX Index which fell 416.5 points (1%) in the day, the relative price increase was 3.6%. The rise has been propped up by robust volume of 1.4 times the average daily volume of 189,933 shares. It posted the highest rise in MCap with the most influence on the Fertilizers sector. There were 274,730 shares worth Rs163.9 million (US$2.3 million) traded today.
Technical indicators complementing today's significant uptrend:
+ The positive 21.61 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The stock has outperformed 95% of the Indian market over the past 6 months.
+ In the last one month the stock has hit a new 52-week high ten times and in the last three months eleven times, pointing to a significant uptrend.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Return on Equity 21.5% [9.2%]
+ Return on Assets 6.8% [2.8%]
+ Return on Capital Employed 31.3% [8.6%]