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Coromandel International is this week's stock pick; 4 reasons analysts are bullish
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The agri solutions provider reported a revenue growth of 29.5% year-on-year (y-o-y) in the fourth quarter of 2022-23. However, both revenue and net profit were 5.7% and 27.7% lower, respectively, than the consensus estimates of analysts compiled by Reuters-Refinitiv.
Lower other income, rise in interest cost and higher tax rate dented the adjusted net profit, which fell 15% y-o-y. Coromandel International is the fifth largest crop protection
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