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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 June 30, 2020.

July 02, 2020 / 04:46 PM IST
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Sharekhan's research report on Coromandel International

Company among India’s top integrated agri solutions provider; significant backward integration drives margins, cashflows and return ratios. Hopes of normal monsoon and MSP hikes for kharif crop bodes well for demand. We believe Coromandel would clock earnings CAGR of 17.5% over FY2020-22E, led by increase share of non-subsidy business.


Initiating coverage on Coromandel International with a Buy rating, valuing it at 20x FY2022 EPS with a PT of Rs. 1,000.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 2, 2020 04:46 pm

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