Fertilizer stocks were in strong demand on Monday after Zee Business reported that the Union Cabinet may take up fertilizer subsidy decisions today, ahead of the Rabi cropping season.
Shares of Fertilisers and Chemicals Travancore (FACT) jumped 3.49% to Rs 915.95, while Khaitan Chemicals & Fertilizers surged 4.91% to Rs 129.80. Coromandel International gained 1.77% to Rs 2,284.60, and Gujarat State Fertilizers & Chemicals (GSFC) rose 1.56% to Rs 194.53.
The sector-wide rally reflects investor optimism over potential subsidy approvals that could ease cost pressures and boost profitability for fertilizer manufacturers.
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