The Fertilizer sector in India has been the focus for some time now. As we approach the budget meeting that is supposed to be held on February 1st, 2023 Indian investors turn more optimistic about the sector’s prospects. There have been speculations that the government might increase its subsidy for urea in the upcoming Budget.
As the investors turn more positive on the sector, here are 3 Fertilizer stocks that have gained more than 5 percent today:
National Fertilizers Ltd
The shares of National Fertilizers opened at Rs 72.50 levels and gained as much as 6 percent in the early hours to trade at Rs 77.10 levels. The stock has been rallying and has gained approximately 32 percent in the past month. The stock has delivered a return of 80 percent in the last six months.
National Fertilizers Limited is engaged in the production and marketing of Domestic Fertilizers, Compost, Seeds, and other Agro products. Some of them include Neem Coated Urea, Bio-Fertilizers (solid & liquid), and other allied Industrial products.
Rashtriya Chemicals & Fertilizers Ltd
The next fertilizer stock on the list is Rashtriya Chemicals & Fertilizers Ltd which opened at Rs 131.20 and gained as much as 7 percent to reach an intra-day high of Rs 140.25 in the early hours. The stock is currently trading 3 percent away from its 52-week high of Rs 144.85.
Rashtriya Chemicals & Fertilizers Ltd. is an Indian central public sector undertaking that stands as the fourth largest government owned-fertilizer-producer in the country.
The Fertilisers and Chemicals Travancore Ltd
The stock gained approximately 5 percent in the early hours and was trading at Rs 353.85 levels. The scrip has delivered a multibagger return of 142 percent in the span of a month and in the last six months, the stock has delivered a whopping 263 percent returns.
The Fertilisers and Chemicals Travancore Limited, abbreviated as FACT, is an Indian central public sector company under the ownership of the Ministry of Chemicals and Fertilizers. It was the first large-scale fertilizer plant in India.
Written by Anoushka Roy
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