Fertiliser stocks rallied after reports of a proposed doubling of subsidy allocation to Rs 1.71 lakh crore for FY27. Rising global prices and supply disruptions linked to West Asia tensions are driving concerns. FACT and Chambal Fertilisers gained up to 5%, while analysts track subsidy trends and import costs closely.
Fertiliser stocks rallied after reports of a proposed doubling of subsidy allocation to Rs 1.71 lakh crore for FY27. Rising global prices and supply disruptions linked to West Asia tensions are driving concerns. FACT and Chambal Fertilisers gained up to 5%, while analysts track subsidy trends and import costs closely.
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Fertiliser stocks witnessed strong buying interest on Wednesday, with shares of The Fertilisers and Chemicals Travancore (FACT) and Chambal Fertilisers & Chemicals surging up to 5% during the trading session. The rally followed reports that the Fertiliser Ministry has sought a significant increase in the subsidy budget for FY27.According to government sources cited by PTI and The Times of India, the Ministry has approached the Finance Ministry to double the fertiliser subsidy allocation to …
