Fertiliser shares jump; RCF, National Fertilizers zoom up to 68% in a week

Last week, rating agency ICRA reaffirmed credit ratings of the RCF's instruments and revised outlook to 'positive' from 'stable

Shares of fertiliser companies extended their winning streak at the bourses amid a broad-based rally in the markets on Monday. Most of the stocks from the sector were outperforming today even as they have surged up to 68 per cent on the BSE over the past one week.

Sentiment turned optimistic in the sector after rating agency ICRA reaffirmed credit ratings of the Rashtriya Chemicals and Fertilizers (RCF’s) instruments and revised outlook to 'positive' from 'stable'.

The stock of RCF hit a fresh 52-week high of Rs 90.45, jumping 19 per cent on the BSE in the intra-day