Home Market Coromandel International shares rise 6% on strong Q4 numbers

Coromandel International shares rise 6% on strong Q4 numbers

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Shares of Coromandel International climbed as much as 6.3 per cent to Rs 452.85, their biggest daily percentage gain since October 10, 2018.

The company on Tuesday reported a 22.8 per cent jump in Q4 net profit at Rs 110 crore.

10 of the 11 brokerages covering the stock have a "buy" or equivalent rating on CORF, while one has 'hold' recommendation.

The median target price is Rs 547, as per Refinitiv data.

Over 4,41,816 shares of the company changed hands in the first hour of trade, compared with 30-day average volume of 2,01,087.

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