Fertilizer stocks in demand as monsoon hit in Kerala and North-East India

Fertilizer stocks Since the monsoon is about to arrive in Southern and north-east India, in line with the IMD’s forecast, the fertilizer stocks have been gaining force on stock exchanges, on Tuesday, 30 May 2017.

As per IMD, the monsoon is expected to hit over the Indian mainland on June 1. With the hopes of normal rainfall in the year 2017, investors are preferring to buy the fertilizer stocks.

The major fertilizer stocks such as Coromandel Agro Products was trading higher by 5 percent Rs 2.58 per share, while Zuari Agro Chem was trading higher by 3 percent at Rs 411 per share. Further, stocks of Rashtriya Chemicals and Fertilizers Ltd was trading higher by 1.27 percent at Rs 87.6/share, the National Fertilizers was trading higher by 1.04 percent at Rs 82.6/ share, on BSE in the mid noon hours today.