Shares of Coromandel International Ltd climbed 2.30% to ₹1,818.45 in Monday’s trade as investors cheered the company’s ongoing expansion plans and positive guidance. This comes amid the company’s Investor & Analyst Meet hosted today, where it outlined significant operational improvements.
Key Updates:
- EBITDA Guidance: Coromandel International projects a 40% increase in EBITDA/ton post the completion of its backward integration projects.
- Investor Engagement: The company is hosting key investors and analysts from top brokerages and mutual funds to discuss its growth strategy.
The positive outlook on margin improvement and operational efficiency, coupled with rising investor confidence, has pushed the stock to outperform in today’s session. Shares touched a day’s high of ₹1,820, up from the previous close of ₹1,777.65.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
