Fertilizer interesting sector from Q3: Mayank Shah, Anagram Capital

Mayank Shah, CEO, Anagram Capital in an interview with ET Now talks about fertilizer stocks.

One quick word on some of these fertilizer companies because they have done reasonably well in spurts and pieces and some of them have come out with a very good set of numbers as well what is your view on the fertilizer pack?

Fertilizer we just experimented with the nutrient based subsidy scheme which is going to work very well. I think foreseeing Indian companies to redraw their investment strategies and the investment plans.

Many of these companies also going on the drawing board to tie up with the JVs and come out with the new fertilizers and newer products. So I think this is going to be an interesting sector to look out for a couple of next years to come in and also one of the thing which has been deferred by the government is the urea scheme.

I am sure government will come with some kind of a nutrient based subsidy scheme for urea, which is going to be good because what India really require is a good productivity in terms of the availability of the land under the agriculture, which is currently getting depleted thanks to industrial growth and the residential requirements.

To my mind, fertilizer is a futuristic growth not immediately but nutrient based subsidies start giving result from the third quarter onwards from here on.