US-Iran war impact: West Asian nations are key suppliers of major fertilisers as well as raw materials for fertiliser manufacturing like sulphur, ammonia etc.
According to Kotak Institutional Securities, prolonged unrest in West Asia could not only push up input costs for Indian chemical companies but also have an impact on export revenues
Finance Minister (FM) Nirmala Sitharaman told Parliament on Monday that there was no shortage of fertiliser in the country, whether it was imported or domestically produced
The brokerage cites Deepak Fertilisers' leadership in mining & industrial chemicals, strong position in water-soluble fertilisers as drivers of its bullish view
Technical charts suggest that HEG, Graphite India, Chennai Petro, Jindal Steel and Deepak Fertilisers can potentially rally up to 18% from here; here are the key levels to track on these 5 stocks.