Latest Stock Market News

Coromandel International is a stock that has underperformed the Nifty50 by more than 10% during the past 12 months. However, the weekly and monthly strength indicator RSI remains in bullish terrain, which signals growing strength in the stock. This could trigger an upward move resulting in a potential gain of Rs 200 per share.

So we have seen over the last five, six years that centre and state have done the heavy lifting and we are seeing early signs of private sector capex also coming back.

​There is a need and that need is being fulfilled with good products. Of course, the product has to be good, the location has to be good and at the same time we have to make sure even the pricing is absolutely right. So, if we get that mix right, I believe that business will go on, but the traction on ground is excellent.

Given the strong business model and long-term growth prospects, the brokerage maintains its Buy recommendation on the stock with an unchanged price target (PT) of Rs. 215.

A total of 3,490 shares changed hands on the counter till 12:25PM (IST).

The stock quoted a 52-week high of Rs 2864.35 and a 52-week low of Rs 2002.5.

​And not necessarily that every recommendation that is coming in would pass through or would get accepted or would get rejected. Therefore, one has to just see within this which are the one would actually be dropped.

Promoters held 69.4 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 10.61 per cent and 4.21 per cent, respectively.

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 305144.24 Crore) operating in Construction sector.

The top 10 Indian IT companies earned a total profit of Rs 1,06,402 crore in the financial year 2023. Meanwhile, TCS remained the highest profit-earning IT firm with Rs 42,303 crore in FY23.