4 Fertiliser Stocks Rise Over 50% In 1-Week, What Is Fueling The Rally?

4 leading companies fertilisers stocks have soared over 49% in just 1-week time on reports of strong possibilities of additional fertilizer subsidies. According to reports, government is expected to declare a surge in subsidy on urea in order to provide relied to farmers in the wake of supply constraints due to global factors. The move is likely to benefit companies facing margin pressure.

Apart from this, Russia is also expected to impose an export duty of 23.5% on all kinds of fertilisers with a "cut-off price fixed at $450/tonne. The duty will become effective beginning from January 1, 2023, as per Russian media report. Soon after these news fertilisers stocks of 4 leading companies recorded a surge of more than 48%. These stocks are Agro Phos India Ltd, Fertilisers and Chemicals Travancore Ltd, National Fertilizers Ltd, and Madras Fertilizers Ltd. Check key takeaways below:

Name of company	Rise
The Fertilisers and Chemicals Travancore Ltd	52%
Agro Phos India	49%
Madras Fertilizers Ltd	35%
National Fertilizers	24%

1. The Fertilisers and Chemicals Travancore Ltd

The stock zoomed 52% in just 1-week time. It has gained 3% intraday. In last 1-month, shares have jumped 116%.

The stock has given strong return to investors over the years with last 3-years return at 602%. The stock has rallied 124% in just 3-months.

The stock hit its new 52-week high intraday and the last trading price is Rs 272 apiece. The mid cap company was incorporated in 1943 and has a market capitalisation of Rs 17,005 crore.

2. Agro Phos India

The shares soared over 12% intraday. In last 1-week, shares of Agro Phos jumped 49% and 79% in last 1-week.

The stock has given 74% return in last 5-years. The last trading price of the stock is Rs 55 apiece. The small cap company has a market capitalisation of Rs 111 crore. It was incorporated in 2002.

Agro Phos (India) Limited is a certified Company engaged in the manufacturing of fertilisers such as Single Super Phosphate (SSP), Nitrogen Phosphate and Potassium (NPK), Zinc Sulphate, Organic manure and Calcium Sulphate commonly known as soil conditioner or gypsum.

3. Madras Fertilizers Ltd

The stock hit its new 52-week high today. The stock registered a rally of 35% in last 1-week and 92% in last 1-month. In 1-year, the stock has zoomed 207%.

The last trading price of the stock is Rs 86 apiece with an intraday decline of 1.81%. The small cap company has a market capitalisation of 1367 crore.

MFL was incorporated on December 8, 1966 as a joint venture between GOI and AMOCO India incorporated of U.S.A (AMOCO) in accordance with the Fertilizer Formation Agreement executed on 14.5.1966 with equity contributions of 51% and 49% respectively.

4. National Fertilizers Ltd

The stock has zoomed 25% in last 1-week and 60% in just 1-month. The stock has given over 53% return in last 1-year and 213% in last 3-year. The last trading price of the stock is Rs 78 apiece.

The shares also hit their new 52-week high in trade today. The small cap company came into existence in 1974.

NFL is engaged in manufacturing and marketing of Neem Coated Urea, four strains of Bio-Fertilizers (solid & liquid), Bentonite Sulphur and other allied Industrial products like Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite and Sodium Nitrate.

 

Disclaimer

The stocks give details about return in 1-week. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.