Coromandel International lost 0.08% to Rs 194.55 at 12:40 IST on BSE after the company said its complex fertiliser manufacturing unit at Ennore in Tamil Nadu has been shut down due to flooding in and around the plant.
The announcement was made during market hours today, 4 December 2015.
Meanwhile, the S&P BSE Sensex was down 210.27 points or 0.81% at 25,676.35.
On BSE, so far 2,117 shares were traded in the counter as against average daily volume of 43,636 shares in the past one quarter.
The stock was volatile. The stock lost as much as 0.87% at the day's low of Rs 193 so far during the day. The stock rose as much as 0.66% at the day's high of Rs 196 so far during the day. The stock had hit a 52-week high of Rs 335 on 8 December 2014. The stock had hit a 52-week low of Rs 150.80 on 30 September 2015.
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The stock had outperformed the market over the past one month till 3 December 2015, advancing 3.98% compared with Sensex's 2.65% fall. The scrip had also outperformed the market in past one quarter, jumping 6.05% as against Sensex's 0.47% rise.
The mid-cap company has equity capital of Rs 29.13 crore. Face value per share is Rs 1.
Coromandel International said it is assessing the situation and the operations would resume once the situation improves. Disruption of operations at its Ennore unit for a short period is not likely to have any significant impact on its turnover or profit, Coromandel International said. The company has adequate insurance cover against any natural calamities, it added.
On consolidated basis, Coromandel International's net profit fell 3.6% to Rs 173.47 crore on 2.8% growth in net sales to Rs 3552.38 crore in Q2 September 2015 over Q2 September 2014.
Coromandel International is a phosphatic fertilizer player. The company operates in business segments of fertilizers, specialty nutrients, crop protection and retail.
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