Fertiliser Stocks Rally On Subsidy Boost
An employee handles granules of urea, or carbamide, at a fertiliser plant. (Photographer: Andrey Rudakov/Bloomberg)

Fertiliser Stocks Rally On Subsidy Boost

Shares of fertiliser makers rallied after the government announced a more than two-fold hike in subsidy for di-ammonium phosphate amid a rise in the price of the key agriculture input in the international market.

National Fertilizers Ltd., Coromandel International Ltd. and Fertilisers and Chemicals Travancore Ltd. and Deepak Fertiliser Ltd. were among the top performers on the BSE. That compares with a flat Sensex.

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