Price Movement and Market Context
On 12 Jan 2026, Coromandel International closed at ₹2,315.00, up from the previous close of ₹2,267.60, marking a daily gain of 2.09%. The intraday range was relatively tight, with a low of ₹2,249.55 and a high of ₹2,318.00. This price action comes against the backdrop of a 52-week high of ₹2,720.00 and a low of ₹1,590.00, indicating the stock is trading closer to its upper range, suggesting some resilience despite recent sector volatility.
Comparatively, Coromandel has outperformed the Sensex over multiple time horizons. The stock delivered an 18.02% return over the past year versus the Sensex’s 7.67%, and an impressive 157.64% over three years compared to the benchmark’s 37.58%. Even on a decade-long basis, the stock’s return of 1,174.78% dwarfs the Sensex’s 235.19%, underscoring its long-term growth credentials within the fertilizers industry.
Technical Indicators: Mixed Signals Emerge
The technical trend for Coromandel has shifted from mildly bearish to sideways, signalling a pause in downward momentum and potential consolidation. This transition is supported by a blend of bullish and bearish signals across various timeframes and indicators.
The Moving Average Convergence Divergence (MACD) indicator presents a dichotomy: the weekly MACD is bullish, suggesting upward momentum in the short term, while the monthly MACD remains mildly bearish, indicating caution over the longer horizon. This divergence implies that while short-term traders may find opportunities, longer-term investors should remain vigilant.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This lack of momentum extremes suggests the stock is neither overbought nor oversold, consistent with the sideways trend.
Bollinger Bands provide a more optimistic outlook, with both weekly and monthly indicators signalling bullishness. The stock price is trading near the upper band on these timeframes, which often precedes a continuation of upward momentum, though it also warrants caution for potential volatility spikes.
Moving Averages and Other Momentum Measures
Daily moving averages remain mildly bearish, reflecting recent price softness relative to short-term averages. This contrasts with the weekly KST (Know Sure Thing) indicator, which is bullish, while the monthly KST remains mildly bearish. The KST’s mixed readings reinforce the notion of a market in transition, with short-term strength tempered by longer-term uncertainty.
Other technical tools such as Dow Theory and On-Balance Volume (OBV) show no clear trend on weekly or monthly charts, indicating a lack of strong directional conviction from market participants. This absence of volume confirmation suggests that price moves may lack robust institutional support at present.
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Mojo Score and Analyst Ratings
Coromandel International currently holds a Mojo Score of 61.0, placing it in the 'Hold' category, a downgrade from its previous 'Buy' rating as of 18 Dec 2025. This adjustment reflects the tempered enthusiasm among analysts, likely influenced by the mixed technical signals and the mildly bearish longer-term momentum indicators.
The company’s Market Cap Grade stands at 2, indicating a mid-tier market capitalisation relative to its peers in the fertilizers sector. This grade, combined with the Hold rating, suggests that while the stock remains a viable investment, it may not offer the same growth potential or stability as higher-graded peers.
Sector and Industry Considerations
Operating within the fertilizers industry, Coromandel International is subject to cyclical demand influenced by agricultural cycles, commodity prices, and government policies. The sector has experienced volatility recently, with input cost pressures and regulatory changes impacting margins. These external factors may contribute to the stock’s sideways technical trend as investors weigh near-term risks against long-term growth prospects.
Given the stock’s strong historical outperformance relative to the Sensex, investors may view current technical consolidation as a healthy pause before a potential next leg higher. However, the absence of clear volume trends and the divergence in momentum indicators counsel caution.
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Investor Takeaways and Outlook
For investors, the current technical profile of Coromandel International suggests a cautious approach. The short-term bullish signals from weekly MACD, Bollinger Bands, and KST indicators offer potential entry points for traders seeking to capitalise on momentum shifts. However, the mildly bearish monthly MACD and KST, alongside neutral RSI and lack of volume confirmation, imply that sustained upward movement is not guaranteed.
Investors should monitor key support levels near the daily moving averages and watch for a breakout above recent highs to confirm a resumption of bullish momentum. Conversely, a failure to hold current price levels could see the stock revisit lower support zones closer to ₹2,200 or below.
Given the stock’s strong long-term returns and sector positioning, it remains an important holding for those with a medium to long-term horizon, but the recent downgrade to a Hold rating signals the need for prudence and active monitoring of technical developments.
Summary of Technical and Fundamental Metrics
Coromandel International’s technical trend has evolved from mildly bearish to sideways, reflecting a market in consolidation. Weekly indicators such as MACD and Bollinger Bands are bullish, while monthly indicators remain mildly bearish or neutral. Daily moving averages suggest mild bearishness, highlighting short-term caution.
The stock’s Mojo Score of 61.0 and Hold grade, downgraded from Buy in December 2025, align with the mixed technical outlook. Market cap grading at 2 places it in the mid-range among fertilizer peers. Price returns continue to outperform the Sensex significantly over 1, 3, 5, and 10-year periods, underscoring its long-term growth credentials despite recent technical uncertainty.
Investors should weigh these factors carefully, balancing the potential for short-term momentum gains against the risk of longer-term consolidation or correction. Active monitoring of technical signals and sector developments will be key to navigating Coromandel International’s evolving market dynamics.
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