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Coromandel rides on good monsoon after 2 drought years

Lower raw material costs, reduction in inventory, improved subsidy payments to help earnings

Ujjval Jauhari 

After underperforming the benchmark indices for the last couple of years, the Coromandel International stock has been hitting 52-week highs recently. It hit a fresh 52-week high of Rs 340.8 on Tuesday before closing at Rs 339. This is on expectation that good monsoon after two consecutive years of weakness should rub off positively on agriculture growth and inventory liquidation in the current rabi season. Declining raw material prices and timely payment of subsidy, too, are expected to help.  What has aggravated the situation for fertiliser companies, in addition to poor ...

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Coromandel rides on good monsoon after 2 drought years

Lower raw material costs, reduction in inventory, improved subsidy payments to help earnings

Lower raw material costs, reduction in inventory, improved subsidy payments to help earnings After underperforming the benchmark indices for the last couple of years, the Coromandel International stock has been hitting 52-week highs recently. It hit a fresh 52-week high of Rs 340.8 on Tuesday before closing at Rs 339. This is on expectation that good monsoon after two consecutive years of weakness should rub off positively on agriculture growth and inventory liquidation in the current rabi season. Declining raw material prices and timely payment of subsidy, too, are expected to help.  What has aggravated the situation for fertiliser companies, in addition to poor ... image
Business Standard
177 22

Coromandel rides on good monsoon after 2 drought years

Lower raw material costs, reduction in inventory, improved subsidy payments to help earnings

After underperforming the benchmark indices for the last couple of years, the Coromandel International stock has been hitting 52-week highs recently. It hit a fresh 52-week high of Rs 340.8 on Tuesday before closing at Rs 339. This is on expectation that good monsoon after two consecutive years of weakness should rub off positively on agriculture growth and inventory liquidation in the current rabi season. Declining raw material prices and timely payment of subsidy, too, are expected to help.  What has aggravated the situation for fertiliser companies, in addition to poor ...

image
Business Standard
177 22