New Delhi, May 8 -- Coromandel International, India's second-largest phosphatic fertilizer company after Iffco, has been quietly stealing the spotlight, delivering a whopping 88% return in the past one year.
Though it still trails Paradeep Phosphates' 109% surge in stock price, Coromandel has significantly outperformed its other listed peers. Sumitomo Chemical India shares rose 27%, Zuari Agro Chemicals 18.5%, and Gujarat State Fertilizers & Chemicals, Rallis India, Bayer CropScience, and Dhanuka Agritech declined 20%, 13%, 12%, and 8% respectively.
Now, with a possible inclusion in the MSCI Global Standard Index on the horizon, analysts expect the stock to see another leg up.
Abhilash Pagaria, head of Nuvama Alternative & Quantitative...
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