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Fertiliser stocks are shining; and there's more to the rally, say experts

A K Prabhakar, head of research at IDBI Capital, for instance, sees more headroom in stocks of fertiliser companies, especially those that have backward integration as well

Aditya Birla Group fertiliser arm Grasim
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On Wednesday, CF Industries Holdings Inc, a major fertiliser producer, said that its UK unit intends to temporarily halt ammonia production amid rising gas prices.

Puneet Wadhwa New Delhi
Fertiliser stocks have been on a run since the past few weeks and analysts believe there could be more legs to the rally in the weeks ahead, in the backdrop of positive global and domestic cues.

A K Prabhakar, head of research at IDBI Capital, for instance, sees more headroom in stocks of fertiliser companies, especially those that have backward integration as well — i.e. have captive power plants and raw material source to produce fertilisers.

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First Published: Aug 26 2022 | 6:15 AM IST

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