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COROMANDEL Share Price Discussion

Coromandel International Ltd.
NSE: COROMANDEL | BSE: 506395 | ISIN: INE169A01031 | Sector: Fertilisers

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:
Undervaluation:
+ Return on Equity 21.5% [9.2%]
+ Return on Assets 6.8% [2.8%]
+ Return on Capital Employed 31.3% [8.6%]
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NSE:COROMANDEL price when posted: 602
Recent posts in COROMANDEL
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Reputation: 3,973 • Jul 3 7:13 AM
Buy Coromandel International; target of Rs 910: Emkay Global Financial
Emkay Global Financial is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 910 in its research report dated July 01, 2020.
Moneycontrol
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Reputation: 3,973 • Jul 2 11:03 AM
Buy Coromandel International target of Rs 1000: Sharekhan
Sharekhan is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated June 30, 2020.
Moneycontrol
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N
Reputation: 3,973 • Jul 2 10:28 AM
Emkay upgrades Coromandel International to buy with target at Rs 910; stock gains 2%
FY20 has been a transformational year for Coromandel. Its fertilizer segment's ROCE (pre-tax) jumped 541 bps YoYto 32.1 percent in FY20.
Moneycontrol
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N
Reputation: 3,973 • Jul 2 6:51 AM
Buy Coromandel International, target price Rs 910: Emkay Global
The brokerage believes that the company deserves to trade at a premium to its historical valuations.
The Economic Times
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T
Reputation: -5,785 • Jul 2 2:18 AM

Alert: Even EID Parry also be in focus
EID Parry holds 58.4% stake (after selling 2% stake last month in Coromandel)
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T
Reputation: -5,785 • Jul 2 2:17 AM

Emkay upgrade Coromandel Int to Buy, TP revised to Rs 910 Increase target multiple due
1) change in ROCE profile
2) backward integration
3) robust demand environment
4) pick up in crop protection segment
1
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