Urea price hike will augur well for fertiliser companies: Prakash Diwan

Prakash Diwan, Head - Institutional Business, Networth Stock Broking in an interview with ET Now talks about fertiliser companies.

How would the fertilizer pack actually react to the news of hike in urea prices by about 10%?

This is something which is definitely positive and has been kind of round the corner for a while. What is more important after this price hike announcement is that decisive moves that the government could probably take on the full fledged NPS that has been awaited since long time now. Given the fact that we are entering into the peak season for these companies it is definitely going to augur well for them.