Fertiliser stocks rally on urea subsidy proposal

Fertiliser stocks are trading firm on the bourses with many of them trading higher after Finance Minister Pranab Mukherjee announced that government is mulling nutrient based subsidy policy for urea and cash subsidy for urea.
 
Among individual stocks, National Fertilisers, Coromandel Fertilisers, Zuari Industries, FACT, GSFC, SPIC, Chambal Fertilisers and RCF are trading higher by 2-7% on the Bombay Stock Exchange (BSE).