Fertilizer stocks zoom as government increases fertilizer subsidy for FY22 by Rs 14,775 crore
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Fertilizer stocks were trading higher as government has decided to increase the fertilizer subsidy outlay for the year by 14,775 crore. This will take the fertilizer subsidy outlay for 2021-22 to Rs 94,305 crore from a budgeted outlay of Rs 79,530 crore.
Chambal Fertilisers & Chemicals is currently trading at Rs. 292.80, up by 7.95 points or 2.79% from its previous closing of Rs. 284.85 on the BSE. The scrip opened at Rs. 300.30 and has touched a high and low of Rs. 310.00 and Rs. 291.50 respectively.
Rashtriya Chemicals & Fertilizers is currently trading at Rs. 84.90, up by 4.05 points or 5.01% from its previous closing of Rs. 80.85 on the BSE. The scrip opened at Rs. 85.60 and has touched a high and low of Rs. 87.75 and Rs. 84.20 respectively. So far 1412361 shares were traded on the counter.
Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 298.55, up by 10.40 points or 3.61% from its previous closing of Rs. 288.15 on the BSE. The scrip opened at Rs. 300.55 and has touched a high and low of Rs. 309.00 and Rs. 296.35 respectively. So far 78299 shares were traded on the counter.
