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.
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
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