Select stocks related to fertilizer industry gained, after rating agency ICRA in its latest report has said that profitability for phosphatic fertiliser players are expected to improve at the current nutrient-based subsidy (NBS) rates, given the decline in input prices. For urea players also, the energy efficient plants are likely to benefit from higher energy savings given the elevated pooled gas prices.
Bharat Agri Fert & Realty is currently trading at Rs. 1169.00, up by 20.50 points or 1.78% from its previous closing of Rs. 1148.50 on the BSE.
Shiva Global Agro Industries is currently trading at Rs. 109.50, up by 0.50 points or 0.46% from its previous closing of Rs. 109.00 on the BSE.
Gujarat Narmada Valley Fertilizers & Chemicals is currently trading at Rs. 563.10, up by 1.20 points or 0.21% from its previous closing of Rs. 561.90 on the BSE.
