Shares of fertiliser manufacturer gain ahead of arrival of the monsoon season, which will boost demand for fertilizers.
The monsoon is expected to hit the southern state of Kerala in the next 48 hours, according to the India Meteorological Department (IMD).
“On Sunday, the IMD in Pune forecast favourable conditions for the monsoon in the next 24 hours, after a week's hiatus over the Arabian Sea,” the report suggests.
Among the individual stocks, National Fertilisers, Rashtriya Chemicals and Fertilisers, Zuari Industries and Gujarat State Fertilisers Company are trading higher by 2-8% in early noon deals, in otherwise weak market on the Bombay Stock Exchange.
