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Wednesday, 10 May 2017

The Wednesday’s trading session seems very positive for the fertiliser companies, as major stocks have surged on the IMD’s forecast of above average monsoon rainfall this year.

It can be inferred from the recent development on El-Nino that the monsoon could be normal this year and it could reach 100% of the long period average, mentioned a national news portal.

Stocks such as Coromandel International, Chambal Fertilisers and Chemicals, Gujarat State Fertilizers & Chemicals, Rashtriya Chemicals & Fertilizers, Fertilisers & Chemicals Travancore and Madras Fertilizers have surged in the morning session on the BSE.

Coromandel International is up 2.5% at Rs 411 per share, Chambal Fertilisers and Chemicals is up 9.8% at Rs 132 per share, RCF is up 8% at Rs 97, FACT is up 5.5% at Rs 62 per share and Madras Fertilizers is trading up by 5% at Rs 26 per share on the BSE.

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