Business Standard

Market share gain makes Coromandel a preferred pick among fertiliser stocks

Overall acreage for the ongoing rabi season is up nearly 7 per cent over last year's levels, with sowing for key crops of wheat, rice, and pulses being higher than the year-ago period

stocks, stock market, m arket, sensex, growth, revenue, earnings, results, Q2,Q1, Q3, Q4, COMPANY, nse, bse,
Premium

Ram Prasad Sahu
The stock of Coromandel International has been hitting its yearly highs. It is the preferred pick in the fertiliser space. An increase in rabi sowing and volume growth in fertilisers has led to a bullish view on the company.

Overall acreage for the ongoing rabi season is up nearly 7 per cent over last year’s levels, with sowing for key crops of wheat, rice, and pulses being higher than the year-ago period.

In addition to a better rabi season, reservoir levels — 40 per cent above the average in key agricultural states — are also a welcome sign. Analysts highlight

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 31 2019 | 8:29 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com