Fertilizer stocks rise on subsidy extension; Deepak Fertilizers gains

The total estimated cost for disbursement of fertilizer subsidy is Rs1,64,935cr.

Mar 15, 2018 11:03 IST India Infoline News Service

Deepak Fertilisers
Fertilizer stocks rose today after the Cabinet Committee on Economic Affairs (CCEA) approved the proposal of Department of Fertilizers to continue urea subsidy scheme upto 2019-20.

The total estimated cost for disbursement of fertilizer subsidy is Rs1,64,935cr. This decision implies that there will be no increase in price of urea till 2020.

The continuation of urea subsidy scheme would ensure the timely payment of subsidy to the urea manufacturers resulting in timely availability of urea to farmers. Click here to read report.

Deepak Fertilizers & Petrochemicals Corp Ltd is currently trading at Rs328.25 up by Rs5.25 or 1.63% from its previous closing of Rs323 on the NSE. The scrip opened at Rs339.95 and has touched a high and low of Rs339.95 and Rs326.40 respectively.

Rashtriya Chemicals & Fertilizers Ltd is currently trading at Rs79.90 up by Rs3.25 or 4.24% from its previous closing of Rs76.65 on the BSE. The scrip opened at Rs80.10 and has touched a high and low of Rs81.70 and Rs79.60 respectively.

Gujarat State Fertilizers & Chemicals Ltd is currently trading at Rs127.10 up by Rs3 or 2.42% from its previous closing of Rs124.10 on the BSE. The scrip opened at Rs126.30 and has touched a high and low of Rs129.50 and Rs126.30 respectively.

Mangalore Chemicals & Fertilizers Ltd is currently trading at Rs65.30 up by Rs1.05 or 1.63% from its previous closing of Rs64.25 on the BSE. The scrip opened at Rs65.90 and has touched a high and low of Rs66.40 and Rs65.20 respectively.

Fertilizers & Chemicals Travancore Ltd is currently trading at Rs63.70 up by Rs3 or 4.94% from its previous closing of Rs60.70 on the BSE. The scrip opened at Rs63.70 and has touched a high and low of Rs63.70 and Rs63.70 respectively.

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