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Coromandel International Limited, a leading agrochemical firm, saw its stock price jump 1.88% to ₹1,795 on the National Stock Exchange (NSE) on March 13, 2025. The rise follows the company's announcement of acquiring a 53.13% stake in NACL Industries Limited for ₹820 crores, marking a significant step in strengthening its foothold in the Indian crop protection industry.

Coromandel's strategic investment in NACL

Coromandel has entered into a share purchase agreement with NACL Industries, KLR Products Limited, and other stakeholders to acquire the controlling stake. The acquisition is priced at ₹76.7 per share and aligns with Coromandel's long-term growth strategy.

Additionally, the company has proposed an open offer to acquire up to 26% more equity, following Securities and Exchange Board of India (SEBI) takeover regulations. If successful, this move will further consolidate Coromandel's presence in the technical-grade manufacturing and formulation business.

For investors looking to invest in stocks, this acquisition signals a promising expansion for Coromandel, given its increased scale and entry into contract manufacturing.

Impact on Coromandel's growth

With NACL Industries' technical and formulation plants in Andhra Pradesh and a new facility in Dahej, Coromandel is set to enhance its manufacturing capabilities. This expansion will:

  1. Strengthen its domestic market presence
  2. Boost new product commercialisation
  3. Drive contract manufacturing opportunities
  4. Expand its product portfolio

For those looking to invest in stocks, Coromandel's move into contract manufacturing could drive long-term growth.

Stock performance and investment outlook

Coromandel International's share price has surged over 63% in the past year, making it an attractive stock for investors. The latest acquisition positions the company for further growth in the agrochemical industry.

As of 10:45 AM on March 13, 2025, Coromandel's shares were trading at ₹1,789.10 on the NSE, reflecting a 1.55% rise for the day. This continued upward trend reinforces investor confidence in the company's strategic expansion.

For individuals looking to invest in stocks, Coromandel's growth trajectory makes it a compelling choice. With increased market presence, technological advancements, and a stronghold in the crop protection sector, the company is well-positioned for sustained growth.