Agri inputs, fertiliser stocks surge on hopes of strong earnings in Q3

RCF, Godrej Agrovet, GSFC, Deepak Fertilizers, and Punjab Chemicals were up in the range of 5% to 9% on the BSE

Shares of fertiliser and agri-related companies rallied on the BSE on Thursday amid expectations of strong earnings growth in the October-December quarter (Q3FY20).

Rashtriya Chemicals & Fertilizers (RCF), Godrej Agrovet, Gujarat State Fertilizers & Chemicals (GSFC), Deepak Fertilizers & Petrochemicals Corporation, and Punjab Chemicals and Crop Protection, all rallied in the range of 6 per cent to 9 per cent on the BSE.

Also, Rallis India, Chambal Fertilisers & Chemicals, Coromandel International, PI Industries, and Dhanuka Agritech were up between 2 per cent and 4 per cent in intra-day trade today. In comparison, the S&P BSE Sensex was