Coromandel International is currently trading at Rs. 1211.80, up by 6.85 points or 0.57% from its previous closing of Rs. 1204.95 on the BSE.
The scrip opened at Rs. 1221.95 and has touched a high and low of Rs. 1221.95 and Rs. 1195.55 respectively. So far 1878 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1287.95 on 18-Dec-2023 and a 52 week low of Rs. 908.80 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 1221.95 and Rs. 1170.05 respectively. The current market cap of the company is Rs. 35531.91 crore.
The promoters holding in the company stood at 57.32%, while Institutions and Non-Institutions held 27.98% and 14.70% respectively.
Coromandel International’s wholly owned subsidiary-- Coromandel Technology has executed agreements to acquire additional shareholding in Dhaksha Unmanned Systems (Dhaksha) at a consideration of Rs 149.98 crore. Post completion of the above transactions, the company, through its wholly owned subsidiary, Coromandel Technology, will increase its equity stake in Dhaksha from existing 51.02% to 58.01%.
Investment in Dhaksha is in continuation with Coromandel’s strategy to identify promising avenues of growth outside its core operations which would be value accretive for its shareholders. Coromandel in July 2023 has acquired a majority stake in Dhaksha. This investment will further strengthen Coromandel’s presence in the fast-growing UAS segment. This investment into Dhaksha is to support the R&D, new product development activities and its working capital requirements of Dhaksha. The acquisition of additional shareholding is expected to be completed in May 2024
Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.
| Company Name | CMP |
|---|---|
| National Fertilizers | 108.25 |
| Coromandel Interntl. | 1813.00 |
| Chambal Fert & Chem | 463.90 |
| RCF | 153.30 |
| Paradeep Phosphates | 104.85 |
| View more.. | |
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