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Coromondel Int Top Pick for 2011 ????

Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=3138
Printed Date: 19/Apr/2025 at 7:22am


Topic: Coromondel Int Top Pick for 2011 ????
Posted By: TCSer
Subject: Coromondel Int Top Pick for 2011 ????
Date Posted: 04/Jan/2011 at 9:29pm
Forbes India has selected Coromondel India, one of he best performing stock of 2010, as its top pick for 2011.

Is there still some juice left in it.?

It does fill my 2 important qualification criteria Ethical Promote n Good growth. Thinking of converting my laggards like Patel Engg, Gitanjali ,Royal Orchid, 3 infotech into CIL.

Views invited from all

Theme: Agricultural Growth
Stock: Coromandel International
At a growth rate of 4-5 percent, agriculture is expected to play a crucial role in GDP growth in the coming year. Indian farmers have begun to invest handsomely in improving yields and Coromandel has positioned itself as a complete farm inputs company. While the company has a strong franchise in fertilizers, it is the new businesses such as speciality nutrients that will be the key growth driver. This new revenue stream now accounts for 10 percent of sales, but is seeing a 40 percent annual growth rate. The profit margins are about three times that of the fertilizer business at 10-12 percent.


Replies:
Posted By: FutureBull
Date Posted: 04/Jan/2011 at 9:58pm
this is one of the good quality stock but are the aggressive enough to be considered for long term?

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‘The market always does what it’s supposed to — BUT NEVER WHEN’.

Posted By: hit2710
Date Posted: 04/Jan/2011 at 10:50pm
EID Parry the promoter of Coromandel itself is also interesting based on its stake in coromandel plus its own sugar business.

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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.

Posted By: TheMatador
Date Posted: 04/Jan/2011 at 10:53pm
Originally posted by FutureBull

this is one of the good quality stock but are the aggressive enough to be considered for long term?
 
Yes they are very aggressive group, they did some crucial acquisition in South Africa which turned out to be very strategic.


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Keep digging...one day you will find the mineral beneath.

Posted By: TCSer
Date Posted: 04/Jan/2011 at 10:57pm
Murugappa group alongwith Tata,Mahindra,Asian paints are one of the most ethical groups in India.

This is the icing on cake for all their business.


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