Latest news with #Coromandel
Tatler Asia
06-07-2025
- Entertainment
- Tatler Asia
CHANEL Métiers d'art 2024/25: A fashion journey to poetic Hangzhou
Above The entire campaign is imbued with a sense of mystery, cloaked in deep, inky black The entire campaign is imbued with a sense of mystery, cloaked in deep, inky black. A long leather jacket, fastened with a camellia brooch crafted by Lemarié, or Liu Wen in a pleated black satin charmeuse dress, with floral embroidery and a ruffled collar by Lognon. Each look tells its own tale. The art of 'weaving dreams' Above Necklaces by Goossens, in dusky grey, midnight blue and timeless gold, capture the romance of a starlit sky Sensual evening gowns paired with belted satin blouses come alive with velvet lace flowers and gauzy transparency that reveals an intricately embroidered bra by Lesage, an interplay of elegance and allure. Necklaces by Goossens, in dusky grey, midnight blue and timeless gold, capture the romance of a starlit sky. Read more: Protein chic: When a toned body becomes the new aesthetic icon Above The theme of travel finds expression in black-and-white two-tone knitwear and prints inspired by Coromandel motifs Above CHANEL conjures a new visual escape, a poetic journey through imagination and elegance Above CHANEL conjures a new visual escape, a poetic journey through imagination and elegance
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Business Standard
03-07-2025
- Business
- Business Standard
This smallcap agri-related stock zooms 353% in 4 months. Do you own?
Shares of NACL Industries hit a new high of ₹252.20 in Thursday's intra-day trade, and were locked at the upper circuit for the seventh straight trading day - rallying 40% during this period. Deepak Korgaonkar Mumbai NACL Industries share price Shares of NACL Industries (NACL) hit a new high of ₹252.20, and were locked at the 5 per cent upper circuit on the BSE in Thursday's intra-day trade. The stock price of the pesticides & agrochemicals company was locked in the upper circuit for the seventh straight trading day, having rallied 40 per cent during this period. In the past five months, it has skyrocketed by 353 per cent from a level of ₹55.72 on the BSE. Currently, NACL trades under 'T' or Trade-for-Trade (T) group. The T group is a surveillance measure that requires securities to be settled on a trade-to-trade basis. What's driving NACL's stock price? The Competition Commission of India (CCI) approved Coromandel International's proposal to acquire a majority stake in NACL Industries. On March 12, 2025, Coromandel International, the Murugappa group, announced the acquisition of 53 per cent stake worth ~₹820 crore in NACL. This transaction should be completed by the first half of fiscal 2026, subject to regulatory approvals, the company had said. Coromandel said the acquisition would establish it as a leading player in India's crop protection industry, expanding its technical portfolio and strengthening its domestic formulation business. This will help in expanding Coromandel's scale in domestic B2C, provide access to complementary product portfolio, fast-track new product commercialization, besides giving access to R&D, manufacturing infrastructure and customer relationships. The deal will also help Coromandel scale up, enter the contract manufacturing business, fast-track new product commercialisation, and expand its product lineup. The management added that the acquisition would bolster Coromandel's presence in both domestic and export markets. It plans to leverage its management expertise, credit access, sourcing capabilities, and international reach to enhance NACL's operations and create value for shareholders. Crop Protection – Business Scenario Looking ahead, the recent tariff-related embargo poses a potential downside risk, as it could drive up input costs and dampen consumption - particularly in the United States, the second largest agrochemical consumer after Brazil. The agrochemical market in 2025 is expected to remain neutral with improving channel inventory and expected favorable weather conditions; however, uncertainties relating to price pressure and trade policies persist, Coromandel said in its FY25 annual report. Indian Agriculture experienced a good season with above normal rains and healthy reservoir levels. The season for agri inputs started on a positive note but continuous rains during peak consumption period & lower acreages of key agchem consuming crops like cotton and chilli led to lower applications. Overall, the industry is estimated to register a marginal growth owing to relatively low pest pressure across crops, the company said. About NACL Industries NACL, established as an agrochemical player in 1993, began its journey as an active ingredient manufacturer. Over the years, the company has built a substantial presence in domestic retail, B2B, and exports, forming solid and long-standing relationships with many large multinational customers. The company has also positioned itself as a reliable player in the formulations business, offering over 66 products for all major crops. Its product portfolio spans all key categories, including insecticides, herbicides, fungicides, and plant growth regulators.
Time of India
03-07-2025
- Business
- Time of India
Coromandel International shares gain 4% after CCI approves NACL acquisition
Coromandel International 's share price rose 4% to Rs 2,369.40 on Thursday, July 3, 2025, after the company announced a major regulatory approval. The rally lifted Coromandel's market capitalisation to Rs 69,200 crore. In a regulatory filing, the company stated that the Competition Commission of India (CCI) has approved its proposed acquisition of a majority stake in NACL Industries Limited . The deal involves the purchase of approximately 10.69 crore equity shares, representing 53.13% of NACL's paid-up capital, from KLR Products Ltd, Mrs. K. Lakshmi Raju, and Bright Town Investment Advisor Pvt Ltd, under a Share Purchase Agreement (SPA). As part of the overall transaction, Coromandel will also acquire an additional 11,000 equity shares — 5,500 each from public shareholders Krishi Rasayan Exports Pvt Ltd and Agro Life Science Corporation — through separate agreements signed in March 2025. Stock Performance and Technical Overview Over the past 52 weeks, Coromandel shares have traded between a low of Rs 1,499.70 and a high of Rs 2,548.00, reflecting a strong uptrend and investor interest. On the valuation front, the stock is trading at a price-to-earnings (P/E) ratio of 32.41 and a price-to-book (P/B) ratio of 5.97, suggesting a relatively premium valuation compared to sector averages. From a technical standpoint, the Relative Strength Index (RSI-14) is currently at 45.8, indicating that the stock is neither overbought nor oversold. Moreover, Coromandel is trading above all eight key Simple Moving Averages (SMAs) — from the 5-day to the 200-day — highlighting continued bullish momentum in the stock.
Business Upturn
03-07-2025
- Business
- Business Upturn
Coromandel International shares jump 4% as CCI clears Rs 820 crore deal to acquire majority stake in NACL Industries
By Aman Shukla Published on July 3, 2025, 09:21 IST Coromandel International shares surged nearly 4% in morning trade after receiving a green signal from the Competition Commission of India (CCI) for its planned acquisition of a controlling stake in NACL Industries Ltd. The Murugappa Group-backed company will acquire a 53.13% stake in the agrochemical firm for ₹820 crore. As of 9:20 AM, the shares were trading 3.39% higher at Rs 2,350.00. As part of the approved deal, Coromandel will buy over 10.68 crore equity shares of NACL from existing promoters, including KLR Products Ltd, K. Lakshmi Raju, and Bright Town Investment Advisor Pvt Ltd. The company will also purchase a small number of shares—5,500 each—from two public shareholders, Krishi Rasayan Exports Pvt Ltd and Agro Life Science Corporation. This move marks a significant strategic push by Coromandel into the crop protection segment, complementing its core fertiliser business. With the CCI's nod secured, the company now plans to initiate an open offer to acquire up to an additional 26% stake from NACL's public shareholders, in line with SEBI's takeover norms. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
03-07-2025
- Business
- Business Standard
Coromandel International share price is buzzing in trade today; here's why
Coromandel International share price: Coromandel International share rose up to 4.59 per cent to hit an intraday high of ₹2,376.35 per share on Thursday, July 3, 2025. At 10:15 AM, Coromandel International share price continued to trade higher, up 1.68 per cent at ₹2,310.05. In comparison, BSE Sensex was trading 0.38 per cent higher at 83,730.58 levels. What triggered the up move in Coromandel International share price? Coromandel International's share price rose after the Competition Commission of India (CCI) approved its proposal to acquire a majority stake in NACL Industries. The acquisition plan, announced in March, involves Coromandel purchasing a 53 per cent stake in the agro-chemical company for ₹820 crore. The company also intends to launch an open offer for an additional 26 per cent stake, in line with Sebi's takeover regulations. NACL Industries, a listed firm engaged in crop protection and agrochemicals, is expected to boost Coromandel International's product portfolio, enable faster product commercialisation, and expand its presence in contract manufacturing. Coromandel International Q4 results Coromandel International reported a 73 per cent year-on-year (Y-o-Y) jump in consolidated pre-tax profit for the fourth quarter, driven by robust demand. For the quarter ended March 31, the fertiliser major posted a pre-tax profit of ₹384 crore, up from ₹222 crore in the same period last year. Revenue from operations jumped 27.5 per cent to ₹4,988 crore, supported by a 28.2 per cent rise in revenue from its core fertiliser and nutrients segment. Track Stock Market LIVE Updates About Coromandel International Coromandel International is one of India's leading agri-solutions providers, with a strong presence in the fertiliser and crop protection sectors. It is the second-largest manufacturer and marketer of phosphatic fertilisers in the country and a key player in organic fertilisers and bio-pesticides. As part of the ₹77,800 crore Murugappa Group, Coromandel offers a comprehensive portfolio that spans fertilisers, crop protection products, specialty nutrients, and sustainable agri-solutions. The company also operates one of the largest rural retail networks in India, with over 900 outlets across four southern states, providing farmers with agri-inputs and expert advisory services. With a growing global footprint, Coromandel International is leveraging technology to drive innovation in agriculture, focusing on precision farming, automation, and environmentally responsible practices, earning recognition from bodies like the UNDP and TERI for its sustainability efforts. The market capitalisation of Coromandel International is ₹68,066.29 crore, according to BSE. The company falls under the BSE 200 category.
