New Delhi, June 10 -- Fertiliser stocks such as FACT, Chambal Fertilisers and Coromandel International surged as much as 5% after reports suggested the government may significantly increase fertiliser subsidies in FY27. Investor sentiment was buoyed by expectations of higher support amid rising global fertiliser prices and supply-chain disruptions stemming from tensions in West Asia.

The rally came after media reports indicated that the Ministry of Fertilisers has approached the Finance Ministry seeking a sharp increase in the subsidy outlay for FY27. According to the reports, the ministry has proposed doubling the fertiliser subsidy allocation to Rs.1.71 lakh crore, citing growing concerns over escalating international fertiliser prices...