The brewing storm at the markets hits fertilisers stocks too
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Shares of Coromandel, which also makes pesticides, said its consolidated quarterly profit slipped 55 percent to 14.5 crore rupees compared with 32.5 crores in the same quarter a year ago. Sales during April-June rose 16 percent to 2,181 crore rupees compared with 1,881 crore rupees in the year ago period.
As a consequence Coromandel's shares fell 4.5 percent, or 11 rupees, to 235 rupees on the
Coromandel's market capitalisation has remained flat at 7,100 crore rupees in the past one year as investors ignored commoditised
(Image credits: thehindubusinessline)
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