Coromandel International rises on resuming operations at Vizag plant

30 Oct 2014

Coromandel International is currently trading at Rs. 325.80, up by 1.25 points or 0.39% from its previous closing of Rs. 324.55 on the BSE.

The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 328.30 and Rs. 320.90 respectively. So far 4183 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 339.00 on 12-Sep-2014 and a 52 week low of Rs. 195.50 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 328.30 and Rs. 295.85 respectively. The current market cap of the company is Rs. 9316.79 crore.

The promoters holding in the company stood at 63.20% while Institutions and Non-Institutions held 12.22% and 24.59% respectively.

Coromandel International has partially resumed operations and restoration of power supply at its unit at Visakhapatnam where temporary stoppage of work had to be effected in the wake of cyclone ‘Huhhud’.

The cyclone has not caused any major damage to the company's manufacturing facilities. The company has successfully restored power at its unit through one of its feeder and certain intermediate plants plus one of the granulation plants have started operations, however some persisting problems still need to be addressed. Asset integrity work has been initiated at all the plants and all associated infrastructural plants.

The company estimates the production during the month of October and November, 2014 to be lower than the normal output. The surveyors of the insurance company have started the inspection of the damages while the company has asked the insurance company for an interim release of funds.

Coromandel International is the country’s second-largest phosphatic fertilizer player. Its crop protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe. The firm has also ventured into the retail business, setting up more than 640 rural retail centres in Andhra Pradesh and Karnataka.

 

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Coromandel Interntl. Share Price

756.75 22.00 (2.99%) May 11, 12:25
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Company Name CMP
Coromandel Interntl. 756.75
National Fertilizers 63.60
Chambal Fert & Chem 241.55
RCF 82.40
GSFC 116.00
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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