India's Coromandel International falls after incident at ammonia facility

Coromandel International

27/12/2023 06:00

** Shares of Coromandel International  CORF.NS  fall ~4% to
1,216.75 rupees
    ** Agro-chemical firm said it noticed abnormality in ammonia
unloading subsea pipeline outside its plant premises in southern
Indian city of Chennai
    ** Adds, ammonia plant isolated and normalcy has been
restored    
    ** Trading volume nearly thrice the 30-day moving avg 
    ** CORF on track for best year since 2020
    ** Avg rating of nine analysts on CORF at "buy"; median PT
is 1,239 rupees - LSEG data
    ** Including session's move, stock up ~38% YTD
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))