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Fertiliser stocks such as Shiva Global Agro Industries, Khaitan Chemicals & Fertilizers, National Fertilizers and Gujarat State Fertilizers rallied up to 18% after the Goods and Services Tax Council lowered the rate on fertiliser from 12% to 5% and on tractor parts from 28% to 18%.
The decision was taken on the eve of the mega launch of GST. CLICK HERE FOR THE FULL REPORT
Reacting to the development, the stock of Shiva Global Agro Industries surged as much as 17.8% to Rs 88 on the BSE.
Khaitan Chemicals & Fertilizers, Fertilizers & Chemicals Travancore, National Fertilizers and Gujarat State Fertilizers also
