Coromandel International gains on resuming operations at its complex fertiliser manufacturing unit

15 Dec 2015 Evaluate

Coromandel International is currently trading at Rs. 187.40, up by 1.75 points or 0.94% from its previous closing of Rs. 185.65 on the BSE.

The scrip opened at Rs. 186.75 and has touched a high and low of Rs. 187.90 and Rs. 185.80 respectively. So far 87 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 319.15 on 15-Dec-2014 and a 52 week low of Rs. 150.80 on 30-Sep-2015.

Last one week high and low of the scrip stood at Rs. 190.00 and Rs. 179.25 respectively. The current market cap of the company is Rs. 5473.42 crore.

The promoters holding in the company stood at 62.11% while Institutions and Non-Institutions held 13.13% and 24.76% respectively.

Coromandel International has resumed operations at its complex fertiliser manufacturing unit at Ennore in Tamil Nadu, which was shut down due to flooding in and around area caused by heavy rains in Chennai. The company has resumed its operations at manufacturing unit from December 14, 2015.

Disruption of operations in its Ennore Unit for a short period is not likely to have any significant impact on its turnover or profit. The company has adequate insurance cover against any natural calamities.

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.

Coromandel Interntl. Share Price

1344.90 38.45 (2.94%)
03-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Coromandel Interntl. 1344.90
National Fertilizers 105.65
Chambal Fert & Chem 406.95
RCF 161.40
Paradeep Phosphates 71.00
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