Agri stocks in focus; Atul, Deepak Fertilisers, Godrej Agrovet up over 5%

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.

Shares of agri inputs, including fertilizers companies, were in focus today and rallied by up to 17 per cent on the BSE on Monday amid expectations of strong earnings growth going forward. That apart, media reports have also suggested that the government could propose to cut import duty on raw material for fertilizer companies in the forthcoming Budget 2020.

Atul, Godrej Agrovet, Deepak Fertilizers & Petrochemicals Corporation, Chambal Fertilisers & Chemicals, Rashtriya Chemicals & Fertilizers (RCF), Zuari Agro Chemicals and National Fertilizers were up more than 3 per cent each on the BSE. In comparison, the S&P BSE Sensex was down