Coromandel International rose 4.9% to Rs 232.45 at 14:35 IST on BSE after consolidated net profit rose 34.98% to Rs 92.68 crore on 0.71% rise in total income to Rs 3032.45 crore in Q4 March 2016 over Q4 March 2015.
The result was announced during market hours today, 27 April 2016.Meanwhile, the S&P BSE Sensex was up 23.31 points or 0.09% at 26,030.61.
Higher than normal volumes were witnessed on the counter. On BSE, so far 59,750 shares were traded in the counter as against average daily volume of 20,686 shares in the past one quarter. The stock hit high of Rs 236.40 and low of Rs 222.95 so far during the day. The stock had hit a 52-week high of Rs 259.50 on 14 May 2015. The stock had hit a 52-week low of Rs 146.35 on 12 February 2016. The stock had outperformed the market over the past one month till 26 April 2016, rising 21.72% compared with Sensex's 2.64% rise. The scrip had also outperformed the market in past one quarter, gaining 34.75% as against Sensex's 6.21% rise.
The mid-cap company has equity capital of Rs 29.13 crore. Face value per share is Rs 1.
Coromandel International announced that the board of directors of the company recommended a final dividend of Rs 4 per share for the year ended 31 March 2016 (FY 2016).
Coromandel International is a phosphatic fertilizer player. The company operates in business segments of fertilizers, specialty nutrients, crop protection and retail.
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