Coromandel International’s share price has broken out of a month-long consolidation, signalling renewed strength for the fertiliser major. On daily charts the stock has cleared the recent consolidation range, prompting technical analysts to turn bullish.
Short-term traders are advised to consider buying the stock with a near-term target zone of Rs 2,580–2,600 over the next 4–8 weeks, while placing a stop-loss around Rs 2,200 to protect downside risk.
The rebound comes after the stock had earlier hit a high of about Rs 2,720 around end-July 2025 but failed to sustain that momentum. It had since drifted down to around Rs 2,381 as of November 28, 2025 before breaking out now.
From a longer-term view, Coromandel remains among the better-performing names in the fertiliser/agrochemical space — benefiting from a diversified product portfolio, backward integration efforts (notably via the acquisition of NACL Industries) and favorable demand outlook for crop-protection chemicals.
Given the combination of chart strength and fundamental backing, the current rebound could offer a tactical opportunity — especially for investors comfortable with short- to medium-term exposure — while keeping an eye on sector-specific triggers like monsoon outlook, raw-material costs and subsidy environment.
