India's Coromandel International up on block deals

Coromandel International

22/06/2023 08:04

** Shares of India's Coromandel International  CORF.NS  up
as much as 2.82% at 968.85 rupees - steepest intraday climb
since May 17
    ** Co posts highest level since June 8 
    ** Nearly 865,000 CORF shares change hands in two block
deals priced at 961.05 and 961.30 rupees apiece, respectively 
    ** Shares trading above 50-day and 100-day simple moving
averages, indicating bullish trend
    ** More than 1.8 mln shares change hands by 12:23 P.M. IST,
3.7x 30-day avg 
    ** Co sees busiest day since Dec. 8, 2022
    ** Nine out of 10 analysts rate the stock "buy" or higher, 1
suggests "hold"; median TP 1,184.5 rupees - Refinitiv IBES data 
    ** Including session's gains, stock up ~8% YTD

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))