Coromandel International trades higher on unveiling Nanotechnology Center in Coimbatore

17 Nov 2023 Evaluate

Coromandel International is currently trading at Rs. 1120.40, up by 1.75 points or 0.16% from its previous closing of Rs. 1118.65 on the BSE.

The scrip opened at Rs. 1122.95 and has touched a high and low of Rs. 1129.50 and Rs. 1115.15 respectively. So far 2943 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1185.25 on 09-Oct-2023 and a 52 week low of Rs. 838.95 on 27-Jan-2023.

Last one week high and low of the scrip stood at Rs. 1129.50 and Rs. 1094.10 respectively. The current market cap of the company is Rs. 32926.44 crore.

The promoters holding in the company stood at 57.33%, while Institutions and Non-Institutions held 28.29% and 14.37% respectively.

Coromandel International has unveiled its Coromandel Nanotechnology Center at Coimbatore, Tamil Nadu, which will support its efforts towards development of wide range of nano-enabled agro-inputs for plant nutrition and crop protection. The Center will be the sixth R&D facility of Coromandel and the second Tech Centre which will focus on development of next-generation agri-inputs, the first being Coromandel’s research facility in Monash Academy, IIT Bombay.

The Nanotechnology Center is fully equipped with high-end equipment & research tools for carrying out cutting edge R&D work for synthesis, characterization, biosafety testing and evaluation of nanoproducts. The Center will facilitate wider application of nano-inputs in agriculture by disseminating scientific data and knowledge to farmers, scientists and policy makers. The Center will also serve as the central laboratory for all nano-products of Coromandel to ensure full compliance with regulatory guidelines. It will also have the capability to develop wide range of bioproducts.

Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.

Coromandel Interntl. Share Price

1948.30 11.85 (0.61%)
07-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
National Fertilizers 117.80
Coromandel Interntl. 1948.30
Chambal Fert & Chem 502.10
RCF 180.90
Paradeep Phosphates 123.00
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