Fertiliser stocks surge as monsoon advances to agriculture belt of Punjab, Haryana
Other prominent gainer were RCF (7.35 per cent), GSFC (7.10 per cent), Mangalore Chemicals (5.99 per cent) and Deepak Fertilizers (4.19 per cent).
By ET Online |
NEW DELHI: Shares of fertilizer companies soared as much as 7 per cent in Thursday's trade after monsoon advanced to the agriculture belt of Punjab, Haryana.
According to the meteorological department, monsoon is set to hit Punjab, Haryana and Delhi over the next three days. Reacting to the development, most fertiliser stocks traded with heavy gains.
Gujarat Narmada Valley Fertilisers closed 5 per cent higher, Fertilizers & Chemicals Travancore 7.15 per cent while National Fertilizer 5 per cent.
Other prominent gainer were RCF (4.47 per cent), GSFC (4.10 per cent), Mangalore Chemicals (2.06 per cent) and Deepak Fertilizers (1.67 per cent).
According to the meteorological department, monsoon is set to hit Punjab, Haryana and Delhi over the next three days. Reacting to the development, most fertiliser stocks traded with heavy gains.
Gujarat Narmada Valley Fertilisers closed 5 per cent higher, Fertilizers & Chemicals Travancore 7.15 per cent while National Fertilizer 5 per cent.
Other prominent gainer were RCF (4.47 per cent), GSFC (4.10 per cent), Mangalore Chemicals (2.06 per cent) and Deepak Fertilizers (1.67 per cent).
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