Fertiliser, agrochemicals stocks in focus on forecast of normal monsoon

Deepak Fertilisers, GNFC, Nagarjuna Fertilizers and Chemicals, Madras Fertilisers, Zuari Global, Aries Agro, National Ferilisers, Excel Crop Care and Jubilant Industries were up 2% to 10% on the BSE.

Shares of fertiliser and agrochemicals companies were trading higher by up to 10% on the BSE in intra-day trade after the private weather forecasting agency Skymet said this year monsoon could be ‘normal’ and expected to be 100% of the long period average.

Deepak Fertilisers & Petrochemicals Corporation, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Nagarjuna Fertilizers and Chemicals, Madras Fertilisers, Zuari Global, Aries Agro, National Ferilisers, Excel Crop Care and Jubilant Industries were up 2% to 10% on the BSE. On comparison, the S&P BSE Sensex was trading 0.36% higher at 33,492 points at 10:52 am.

Monsoon