Elara Capital continues to prefer fertiliser companies over their agrochemical counterparts due to several growth opportunities offered by the sector without any meaningful risk
Analysts at Nuvama expect Coromandel to clock ~15 per cent revenue compound annual growth rate (CAGR) over the next five years, with profitability improving as integration benefits materialise.
Coromandel International's Managing Director and CEO S Sankarasubramanian, has been elected Chairman of the Fertiliser Association of India, with Siba Prasad Mohanty as Co-Chairman
Coromandel and Veolia partner to expand Vizag desalination plant from 6 MLD to 9 MLD under BOO model, ensuring long-term water resilience and sustainable operations
Coromandel and Veolia partner to expand Vizag desalination plant from 6 MLD to 9 MLD under BOO model, ensuring long-term water resilience and sustainable operations
Coromandel has acquired a 53% stake in NACL Industries for ₹820 crore and appointed a new MD as it awaits regulatory clearance for an open offer to public shareholders
Agri sector outlook: With a growing consumer base, the agri-inputs sector stands poised to benefit from a shift toward more efficient, sustainable practices.
Shares of NACL Industries hit a new high of ₹252.20 in Thursday's intra-day trade, and were locked at the upper circuit for the seventh straight trading day - rallying 40% during this period.
Coromandel International's share price rose after the Competition Commission of India (CCI) approved its proposal to acquire a majority stake in NACL Industries.
Technical outlook on Deepak Fertilisers, RCF, GSFC, Coromandel International and Chambal Fertiliser shares. Check key support, resistance and target levels here.
Technical chart suggests that Coromandel International could face some downward pressure in the near-term; while GMR Airport, Authum Investment and Le Travenues look good for near-term gains.
