Fertiliser shares in focus; FACT, SPIC, Chambal Fertilisers up over 10%

Nagarjuna Fertilizers and Chemicals, National Fertilizers, RCF, Deepak Fertilisers & Petrochemicals, GSFC were up between 3% and 6%.

Shares of fertilizers companies have rallied by up to 18% on the BSE on back of heavy volumes after the media report suggested that the companies will be paid subsidies every week instead of waiting for months.

Fertilizers & Chemicals Travancore (FACT), Southern Petrochemicals, Chambal Fertilisers & Chemicals and Madras Fertilizers have rallied in the range of 10% to 18% on the BSE in intra-day trade.

Nagarjuna Fertilizers and Chemicals, National Fertilizers, Rashtriya Chemicals & Fertilizers (RCF), Deepak Fertilisers & Petrochemicals, Gujarat State Fertilizers & Chemicals were up between 3% and 6%. In comparison, the S&P BSE Sensex