Coromandel International jumps; Motilal Oswal starts with 'buy' rating

Reuters Market Eye - Coromandel International Ltd shares jump 7.3 percent. Broker Motilal Oswal initiates coverage with "buy" rating and target of 320 rupees, says transforming from complex fertilizers company to a high quality agricultural inputs player.

Operating profit contribution from non-subsidy business to increase to 45 percent from 36 percent, the brokerage said.

(Reporting by Abhishek Vishnoi)