Rs 1.71 lakh crore may double! Fertiliser stocks rally on subsidy windfall hopes
Mumbai/IBNS, June 10 -- Shares of fertiliser companies rallied on Wednesday after the Ministry of Chemicals and Fertilisers reportedly sought a 100 percent increase in the subsidy budget to offset rising input costs triggered by the ongoing conflict in West Asia.
Among the listed companies, Chambal Fertilisers and Chemicals Ltd. emerged as the top gainer, rising 4.23 percent to Rs. 474 per share.
Fertilisers and Chemicals Travancore (FACT) climbed 3.26 percent to Rs. 904.65, while National Fertilizers Ltd. advanced 3.08 percent to Rs. 76.65.
Other notable gainers included Coromandel International Ltd., Rashtriya Chemicals & Fertilizers Ltd., and Gujarat State Fertilizers & Chemicals Ltd.
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