The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea
Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the government of India's continued policy-level support to the industry.
The firm is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as di-ammonium phosphate (DAP) and NPK fertilizers
Chambal Fertilisers & Chemicals, RCF, Zuari Agro Chemicals and National Fertilizers were up more than 3 per cent on the BSE in an otherwise weak market.
