Fertilizer stock zoom…Zuari Ind jumps 13%

Zuari Ind, Chambal Fert and Tata Chem are among the top gainers.

Mar 04, 2010 01:03 IST India Infoline News Service

Fertilizer stocks are witnessing renewed buying interest; the government decided to increase urea prices and allow companies to set rates of other nutrients.

Urea will cost 10% more, or Rs5,310 per ton, and prices of nutrients nitrogen, phosphorus, potash and sulfur will be linked to global levels starting April 1, 2010 Information and Broadcasting Minister Ambika Soni was quoted as saying.

Top gainers:

Company
CMP
% change
Zuari Ind
  585.0
  12.9
Chambal Fert
  62.0
  3.8
Tata Chem
  306.0
  2.6
RCF
  93.3
  2.0

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