Shares of Fertilisers and Chemicals Travancore (FACT) surged 3.27% to Rs 914 in Monday’s session after reports indicated that the Union Cabinet could take up fertilizer subsidy decisions later today, according to Zee Business.
The fertilizer sector stocks gained momentum following this update, as investors anticipate clarity on subsidy allocations and urea pricing for the upcoming Rabi season. The move is expected to support working capital for fertilizer companies and ensure adequate supply for farmers during the peak crop cycle.
At 11:25 AM, FACT’s stock was trading at Rs 914, up Rs 28.90 from its previous close of Rs 885.10, with a market capitalization of Rs 59,116 crore. The stock has traded between Rs 887.70 and Rs 919.80 so far in the session.
FACT’s rise also reflects renewed optimism in the fertilizer sector, which could see benefits if the government extends or enhances subsidies amid rising input costs and global price volatility.
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