Coromandel Interntl.'s target Rs 1218: Stratzy's Top Stock to Buy Today

Stratzy, a renowned financial advisory firm, issued a buy call on Coromandel International on April 02, setting a target price of Rs 1218. The current market price of Coromandel International stands at Rs 1126, indicating a potential upside of approximately 8.1% from the current levels. This positive outlook is attributed to the company's robust financial performance and strong market position in the fertilizer industry.

About Coromandel Interntl.:

Coromandel International Limited, a part of the Murugappa Group, is one of the leading fertilizer companies in India. The company manufactures and markets a comprehensive range of fertilizers, including phosphatic fertilizers, nitrogenous fertilizers, organic fertilizers, and specialty fertilizers. Coromandel also has a presence in the crop protection and retail segments. The company operates 10 manufacturing facilities across India and has a distribution network of over 3,000 dealers and retailers. Coromandel International is headquartered in Chennai, Tamil Nadu.

52 Week Price Trend:

Coromandel International's (NSE: COROMANDEL) current market price (CMP) of Rs 1126 sits within the range of its 52-week high of Rs 1287.95 and 52-week low of Rs 841.5. The stock has witnessed a significant upward trend since its low in January 2023, indicating a positive sentiment among investors. However, it is currently trading below its recent high, suggesting a potential consolidation or correction phase. Investors should monitor the stock's price action closely and consider fundamental factors such as the company's financial performance and industry outlook before making any investment decisions.

Stratzy's MOST Analysis:

Coromandel has received an AA- rating from Stratzy's MOST framework, indicating a medium fundamental risk. The MOST framework evaluates companies based on management, outlook, safety, and trend. Coromandel's strong management team, positive outlook, and stable financial position contribute to its high rating. While there may be some minor concerns in terms of safety or industry trends, these are outweighed by the company's overall strengths.

Company's Fundamentals:

Coromandel International (NSE:COROMANDEL) is a stock with a Price-to-Earnings (PE) ratio of 18.15, indicating that investors are willing to pay 18.15 times the company's annual earnings per share. Its Price-to-Book (PB) ratio of 3.45 suggests that the market value of the company's stock is 3.45 times its book value. Additionally, Coromandel International offers a Dividend Yield of 1.13%, which represents the annual dividend paid out to shareholders relative to the current stock price. These metrics provide insights into the company's valuation, profitability, and dividend-paying ability, assisting investors in making informed investment decisions.

Fundamental and Technical information provided in this blog were last updated on 02 Apr, 2024

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