The heightened activity in fertiliser stocks also comes ahead of Union Budget 2024. This is a general trend as the buzz around fertiliser subsidy gets stronger ahead of Budget.
Fertilizer stocks have performed quite well outside of the recent upswing, with the majority of the stocks rising by 21 percent and 95 percent during the last six months.
We expect their outperformance to continue for the coming weeks.
Fertiliser stocks had run up over the past few days in anticipation of an import duty cut in the Budget on some key raw materials