{"id":113882,"date":"2023-11-17T14:18:43","date_gmt":"2023-11-17T08:48:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113882"},"modified":"2023-11-17T14:18:48","modified_gmt":"2023-11-17T08:48:48","slug":"coromandel-international-stock-jumps-in-early-trade-after-it-unveils-its-new-nanotechnology-center","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/coromandel-international-stock-jumps-in-early-trade-after-it-unveils-its-new-nanotechnology-center\/","title":{"rendered":"Coromandel International stock jumps in early trade after it unveils its new Nanotechnology Center\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3923284543\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Murugappa Group stock which is one of the leading Fertiliser manufacturers and Agricultural solutions providers jumped marginally in the day\u2019s trade after it unveiled its Nanotechnology Center at Coimbatore, Tamil Nadu, to support its efforts towards the development of a wide range of nano-enabled agro-inputs for plant nutrition and crop protection.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4144147686\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:32 p.m. the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/COROMANDEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Coromandel International Limited<\/a><\/strong> were trading at Rs. 1,117.90 down 0.14 percent from its previous day&#8217;s close price of Rs. 1,119.50 and its market capitalization is Rs. 32,873 Crores.\u00a0<\/p><p>Coromandel International Limited has unveiled its Coromandel Nanotechnology Center at Coimbatore, Tamil Nadu, which will support its efforts towards the development of a wide range of nano-enabled agro-inputs for plant nutrition and crop protection. It will be the sixth R&amp;D facility of Coromandel and the second tech center which will focus on the development of next-generation agri-inputs.&nbsp;<\/p><p>Coromandel Nanotechnology Center is fully equipped with high-end equipment &amp; research tools for carrying out cutting-edge R&amp;D work for synthesis, characterization, biosafety testing, and evaluation of nano products.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-344885970\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Center will facilitate the wider application of nano-inputs in agriculture by disseminating scientific data and knowledge to farmers, scientists, and policymakers. It will also serve as the central laboratory for all nano-products of Coromandel to ensure full compliance with regulatory guidelines and it has the capability to develop a wide range of bioproducts.&nbsp;<\/p><p>The company\u2019s revenue grew by 55.03 percent from Rs. 19,110.85 Crores in FY22 to Rs. 29,627.91 Crores in FY23, accompanied by increasing profits of Rs. 1,528.46 Crores to Rs. 2,012.93 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 28.27 percent and a return on capital employed (ROCE) of 40.51 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the quarter ended September 2023, the company\u2019s Promoters hold 57.33 percent stake, the Foreign Institutional Investors (FII) hold 7.18 percent and the Domestic Institutional Investors hold 21.12 percent.&nbsp;<\/p><p>Coromandel International Limited which is part of the Murugappa Group, is amongst India&#8217;s pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain which includes, Fertilisers, Crop Protection, Bio Products, Specialty Nutrients etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1915236618\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2387024609\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Murugappa Group stock which is one of the leading Fertiliser manufacturers and Agricultural solutions providers jumped marginally in the day\u2019s trade after it unveiled its Nanotechnology Center at Coimbatore, Tamil Nadu, to support its efforts towards the development of a wide range of nano-enabled agro-inputs for plant nutrition and crop protection.&nbsp; At 1:32 p.m. the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10452,10669,10451,948,936],"class_list":["post-113882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-coromandel-international-latest-newss","tag-coromandel-international-latest-orders","tag-coromandel-international-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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