In terms of the phosphatic business there will be pressure because the prices of raw materials ammonia and phospheric acid have gone up substantially, says PK Ghose of Tata Chemicals.
The subsidy outstandings which were around Rs 35,000-40,000 crore have climbed up to over Rs 1 lakh crore. If the same level of subsidy underpayment continue, by next year the industry is expected to face a Rs 165,000-crore outstandings.
On behalf of the industry, the Fertiliser Association of India has filed a petition in the Delhi High Court seeking 14.75 percent interest on the delayed subsidy payments.
Ratan Tata took over as the chairman of the group in 1991 and in the last 21 years has steered the company through turbulent times and is credited with taking the group global.
Emkay Global Financial Services has come with its June quarterly earning estimates for agri input and chemicals sector. The research firm expects topline de-growth of 4% yoy and APAT de-growth of 15% yoy for Q1FY13.
On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Rakesh Gandhi, Sr Technical Analyst of LKP and Vishal B Malkan, CMT, www.malkansview.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Hero Motocorp | Amtek Auto | Clutch Auto | Tata Chemicals | REC | SAIL | Infosys | UTV | Deccan Chronicle and Tata Power are stocks, which are in the news today.
Ingersoll Rand | Tata Chemicals | Glenmark Pharma | GMR Infra | GSPL | ABB and Wockhardt are stocks, which are in the news today.