Investors with a medium- to long-term perspective can consider buying the stock of Coromandel International, the country’s second-largest phosphatic fertilizer player.
Given the rising population and the demand for food, the long-term prospects of agri-input manufacturers appear healthy. Risks posed by climate change that hit crop outputs will continue to keep demand for fertilizers and crop-protection chemicals high.
Government measures to support farm income growth will also help. In Andhra Pradesh, a large market for Coromandel International, the State government launched the Rythu Bharosa scheme in October 2019, which entitles each eligible farmer to a sum of ₹13,500 per year for agri-inputs.
Coromandel International has a strong product portfolio, developed in-house through its R&D facility. Aside from phosphatic fertilizers, it produces and sells specialty nutrients including organic fertilizers and crop protection chemicals. It has direct connect with about 30 lakh farmers through various initiatives, which makes it easier to launch new products. The company has a pan-India reach through 10,000 dealers and 800 retailers, with a significant presence in Andhra Pradesh, Telangana, and Karnataka.
هذه القصة مأخوذة من طبعة January 06, 2020 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 06, 2020 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Covid Presents An Opportunity For India
India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help
Did Alternative Assets Shield You From Covid-19 Volatility?
The assets closely linked to stock and debt markets could not stave off the losses
How To Put Aircraft To Bed
Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process
There Can Be No Going Back On WFH
Covid-19 has fast-forwarded the shift to ‘work from home’. However, some face-to-face connect will always be needed
UN, WHO Urged To Ensure ‘Benefit Sharing' Of Covid-Related Data
Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances
Centre Allows All Neighbourhood Shops To Open But With Riders
Final call will be taken by local authorities; shopping complexes that draw fewer ‘outsiders’ are permitted to operate
Covid Impact Relatively Muted In India
Compared to Italy and the US, India’s rate of infection spread has been slow. This can be attributed to the strict measures in place
How Global Trade Will Fare Post-Covid
China isn’t likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive
How To Curb Harassment In The Virtual Office
Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls
