Coromandel International rose 1.45% to Rs 879.40 after the company’s board approved to expand its operations in crop protection chemicals and foray into contract development & manufacturing organisation (CDMO) business.

Coromandel Intl gains on foraying into new biz

Coromandel International is in the business of fertilisers, crop protection chemicals, bio-products, speciality nutrients, organic fertilisers and retail.

Coromandel International to enter into speciality, industrial chemicals

Nazara, Coromandel Intl, IRCTC, GR Infraprojects, IND Renewable Energy, Chalet Hotels, Bharat Wires, Samvardhan Motherson, Power Grid Corp, HG Infra and Burnpur Cement are some of the stocks that will see action today

stocks in focus today

Coromandel International Ltd, which is into fertilisers and crop protection chemicals businesses, on Wednesday said it will diversify into speciality and industrial chemicals.

Coromandel International to enter into fertilisers, industrial chemicals

Murugappa Group company Coromandel International has got Board approval to expand operations in crop protection chemicals, diversify into speciality and industrial chemicals and foray into contract development and manufacturing organisation (CDMO) business.

Coromandel to invest ₹1,000 cr for foray into CDMO space, speciality, industrial chemicals

Murugappa Group: Agriculture solutions company will get into speciality and industrial chemicals

Coromandel preps for new businesses, plans to invest Rs 1,000 cr in 2 years

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends a Buy on Coromandel International and Zensar Tech.

Nifty showing signs of a trend reversal, says Vinay Rajani

Fertiliser cooperative major IFFCO and Coromandel International Ltd (CIL) will manufacture Nano DAP for a period of three years.

IFFCO, Coromandel International to manufacture Nano DAP for 3 years: Govt

IFFCO’s Managing Director U S Awasthi said that nano-DAP would be available from the 2023 kharif season at ₹600 per 500 ml bottle (without subsidy)

Govt grants 3-year approval to nano-DAP, allows IFFCO, Coromandel to start production

Primary trend of OIl India is bullish as it has been trading above its 50, 100 and 200-day EMA. For last couple of weeks, stock is consolidating in the narrow range with lower volumes.

Hot Stocks | Coromandel International, NTPC, Oil India may fetch up to 15% return in short term

Firm setting up greenfield facility in A.P for launch in 2023, awaiting Centre’s nod for commercial launch of Nano DAP

Coromandel develops nano tech-based fertiliser

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Coromandel International is engaged in the manufacture and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost. 