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Markets News

BUZZ-India's Coromandel International rises after profit jump

** Shares of Coromandel International Ltd climb as much as 6.3 pct to 452.85 rupees, their biggest daily pct gain since Oct 10, 2018

** Co on Tuesday reported a 22.8 pct jump in Q4 net profit at 1.10 bln rupees ($14.32 mln)

** Ten of 11 brokerages covering the stock have a “buy” or equivalent rating on CORF, while one has “hold”; median TP 547 rupees - Refinitiv data

** Over 441,816 shares change hands in first hour of trade, compared with 30-day avg vol of 201,087

** Stock down 5.3 pct this year as of last close ($1 = 69.8560 Indian rupees)

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