GNFC, Deepak Fertilisers can soar up to 35%, hint charts; avoid Chambal

Barring, Chambal Fertilizers & Chemicals, which has shed 19 per cent on YTD basis, most of the other fertilizers stock have logged gains so far in 2022. Deepak Fertilisers has zoomed 148 per cent.

Shares of fertilizer companies were in focus in trades on Thursday after the Union Cabinet approved a subsidy of around Rs 51,875 crore on nutrients, specifically Nitrogen (N), Phosphorus (P), Potash (K) and Sulphur (S) for Phosphatic and Potassic (P&K) for the rabi season. READ MORE

With the sector, shares of Gujarat Narmada Valley Fertilizers and Chemicals and Gujarat State Fertilizers & Chemicals gained 1.6 per cent each, while National Fertilizers and Chambal Fertilizers & Chemicals moved 0.50 per cent higher, respectively.
 

However, Coromandel International and Deepak Fertilisers & Petrochemicals both traded sluggish, and were down