Budget 2017: Fertiliser stocks in focus
Shital Jibhe / 01 Feb 2017
Overall outlook for the fertiliser sector continues to be relatively stable as compared to previous years, due to strong farm sector growth in the economy supported by good monsoons.
Overall outlook for the fertiliser sector continues to be relatively stable as compared to previous years, due to strong farm sector growth in the economy supported by good monsoons.
However, with NDA government presenting its fourth Union Budget on Wednesday, all eyes would be on this sector in terms of incentive given to the farm sector post the negative impact of demonetisation.
We can expect Union Finance Minister to provide certain incentives to the sector in the wake of government promise to boost the sector.
Ahead of the Budget, all the fertilisers stocks were in action on either side.
Stocks to watch out in fertilisers sector are:
Nagarjuna Fertlisers - Rs 12.79 (up 1.8 per cent)
RCF - Rs 58.50 (up 1.15 per cent)
Chambal Fertlisers - Rs 81.40 (up 0.90 per cent)
Deepak Fertilisers - Rs 249.70 (up 0.26 per cent)
Zuari Agro Chemicals - Rs 340.25 (1.1 per cent)
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