Fertiliser stocks rally; Fertilizers & Chemicals Travancore gains 10%

Under the policy, one scheme will focus on compensating oilseeds farmers if rates fall below the MSP, and another will allow states to rope in private players for procurement, report added.

Sep 14, 2018 01:09 IST India Infoline News Service

Shares of fertiliser companies rallied in the afternoon session on Friday. The government approved a new procurement policy on MSP (minimum support prices), as per media reports.

Under the policy, one scheme will focus on compensating oilseeds farmers if rates fall below the MSP, and another will allow states to rope in private players for procurement, report added.

Fertilizers & Chemicals Travancore Ltd is currently trading at Rs46.95 up by Rs4.3 or 10.08% from its previous closing of Rs42.65 on the BSE.

Chambal Fertilisers & Chemicals Ltd is currently trading at Rs163.55 up by Rs4.9 or 3.09% from its previous closing of Rs158.65 on the BSE.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is currently trading at Rs402.65 up by Rs7.3 or 1.85% from its previous closing of Rs395.35 on the BSE.

Rashtriya Chemicals & Fertilizers Ltd is currently trading at Rs74.25 up by Rs6.5 or 9.59% from its previous closing of Rs67.75 on the BSE.

Deepak Fertilizers & Petrochemicals Corp Ltd is currently trading at Rs237.85 up by Rs2.9 or 1.23% from its previous closing of Rs234.95 on the BSE.

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