The geopolitical tensions during the Israel-Hamas war has raised concerns regarding the global supply chain of potash fertilizer as Ashdod Port, a significant hub for Israel’s potash fertilizer exports located north of Gaza is now operating in an emergency mode due to the conflict and because of which the global price for these fertilizers may go up due to decrease of the supply.
Fertilizers have played a key role in the success of India’s green revolution and subsequent self-reliance in food-grain production.India is the second-largest consumer of fertilizers globally, with an annual consumption of more than 55 million tons, the Indian fertilizer market size reached INR 898.5 Billion in 2022, and is expected to reach INR 1,188.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.85 percent during 2023-2028.
The shares of some of the listed fertilizer stocks surged in the past week and extended their gains on October 16, 2023. These are some of the stocks that gained the most in the last 5 trading cycles
Gujarat State Fertilizers & Chemicals
Gujarat State Fertilizers & Chemicals shares rose 21.67 percent in the last 5 trading sessions and 9.82 percent in today’s trade to Rs. 205.20 from its previous day close price and the market capitalization of the company is Rs. 8,166 Crores.
Gujarat State Fertilizers & Chemicals Limited is an Indian fertilizers and chemical manufacturer owned by the government of Gujarat, It is engaged in manufacturing of a wide range of fertilizers and industrial products like plastics & synthetic rubbers and man-made fibres.
Fertilisers & Chemicals Travancore
Fertilisers And Chemicals Travancore shares rose 26 percent in the last trading sessions and 20 percent in today’s trade to Rs. 657.80 from its previous day close price and the market capitalization of the company is Rs. 42,580 Crores.
Fertilisers & Chemicals Travancore is chemicals and fertilizers manufacturer, its main products include Ammonia, Sulphuric acid, Ammonium Phosphate – sulphate, Ammonium sulphate etc and some of the major by-products are Gypsum, Nitric acid, soda ash etc
Gujarat Narmada Valley Fertilizers & Chemicals
Gujarat Narmada Valley Fertilizers & Chemicals shares rose 8.63 percent in the last 5 trading sessions and 5 percent in today’s trade to Rs. 666.20 from its previous day close price and the market capitalization of the company is Rs. 10,404 Crores.
Gujarat Narmada Valley Fertilizers & Chemicals is a major producer of urea and nitrophosphate fertilizers, neem-based products and industrial chemicals such as methanol, formic acid, nitric acid etc.
Madras Fertilizers
Madras Fertilizers shares rose 10.63 percent in the last 5 trading sessions and 6.66 percent in today’s trade to Rs. 81.70 from its previous day close price and the market capitalization of the company is Rs. 1,315 Crores.
Madras Fertilizers Limited is engaged in the manufacture of Ammonia, Urea, complex fertilizers and biofertilizers and its activities includes marketing of these fertilizers and trading on agro chemicals.
Written by Bharath KS
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