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Last Updated : Jul 30, 2020 03:48 PM IST | Source: Moneycontrol.com

Buy Coromandel International target of Rs 1000 : Sharekhan

Sharekhan is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated July 27, 2020.

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Sharekhan's research report on Coromandel International


Company set to report healthy revenue and earnings CAGR of 11% and 17.5%, respectively, over FY2020-22E. Coromandel to speed up investments in high-growth crop protection business which is expected to enhance profitability. Q1 performance strong with revenue, EBITDA and PAT rising 51%, 111% and 4x y-o-y, respectively.


Outlook


We maintain our Buy rating on Coromandel International with unchanged PT of Rs. 1,000.





For all recommendations report, click here


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First Published on Jul 30, 2020 03:48 pm
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