Shares of Fertilisers and Chemicals Travancore (FACT) surged over 3% to Rs 914 on Monday after Zee Business reported that the Union Cabinet may take up fertilizer subsidy decisions today.
The development has triggered strong buying interest across fertilizer stocks, with traders expecting clarity on subsidy allocation and pricing for the Rabi season. The move could provide short-term relief to fertilizer manufacturers amid rising input costs.
At 11:25 AM, FACT was trading up Rs 28.90 at Rs 914, compared to its previous close of Rs 885.10, with a market cap of Rs 59,116 crore.
Developing story.
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