Coromandel International is engaged in the business of farm inputs comprising of fertiliser, crop protection, specialty nutrients and organic compost. The stock has declared EPS of Rs 8.55 during Q1FY21 as against full year EPS of Rs 36.35 which is ~25% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. Also the monsoon across the country has been good, increase in sowing n acreage the demand for farm inputs is expected to increase during CFY. The stock is now consolidating near its ATH and any break above 835 will give fresh legs to the rally. Q2FY21 results holds the key.
