Agri related stocks rally;Chambal Fertilisers, Shakti Pumps hit 52-wk highs

Madras Fertilizers, FACT, RCF, Escorts, Shakti Pumps, Chambal Fertilisers and Roto Pumps were up 3% to 8% on the BSE.

Shares of agriculture-related stocks were in focus with Chambal Fertilisers & Chemicals, Escorts and Shakti Pumps (India) hitting their respective 52-week highs on expectations of a government thrust to drive sector.

Madras Fertilizers, Fertilizers & Chemicals Travancore (FACT), Rashtriya Chemicals & Fertilisers (RCF), Chambal Fertilisers & Chemicals and Deepak Fertilisers & Petrochemicals from fertilizers, Shakti Pumps (India) and Roto Pumps from pumps manufacturer and Escorts from the tractors were up in the range of 3% to 8% on the BSE. On comparison, the S&P BSE Sensex was up 0.44% at 34,252 at 10:06 am.

“Given government’s intent to