COROMANDEL INTERN. Plunges by 6%; BSE 500 Index Down 0.2%
January 22, 2019 09:24 AM

COROMANDEL INTERN. share price has plunged 6% and is presently trading at Rs 427.

Meanwhile, the BSE 500 Index is at 14,524 (down 0.2%).

Among the top losers in the BSE 500 Index today are COROMANDEL INTERN. (down 6.0%) and IFB INDUSTRIES LTD (down 5.4%).

SUN PHARMA ADV. RES. (up 5.5%) and SUN PHARMA (up 3.8%) are among the top gainers today.

Over the last one year, COROMANDEL INTERN. has moved down from Rs 572 to Rs 427, registering a loss of Rs 146 (down 25.4%)..

The BSE 500 has moved down from 15,483 to 14,524, loss of 959 points (down 6.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORG. (up 70.4%), NIIT TECHNOLOGIES (up 65.6%) and L&T TECHONOLOGY SERVICES (up 61.8%).

What About the Benchmark Indices?

The BSE Sensex is at 36,650 (down 0.2%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 3.8%). The most traded stocks in the BSE Sensex are SUN PHARMA and KOTAK MAH. BANK.

In the meantime, NSE Nifty is at 10,950 (down 0.2%). SUN PHARMA (up 3.8%) and KOTAK MAH. BANK (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,798 to 36,650, registering a gain of 852 points (up 2.0%).

COROMANDEL INTERN. Financial Update...

COROMANDEL INTERN. net profit stood at Rs 4 billion for the quarter ended September 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 85.8% to Rs 50.1 billion during the period as against Rs 26.9 billion in July-September 2017.

For the year ended March 2018, COROMANDEL INTERN. reported 39.1% increase in net profit to Rs 6.6 billion compared to net profit of Rs 4.8 billion during FY17.

Revenue of the company grew 7.8% to Rs 110 billion during FY18.

The current Price to earnings ratio of COROMANDEL INTERN., based on rolling 12 month earnings, stands at 17.2x.