Analysts at Elara Capital remain bullish on the Rallis' crop care division prospects, driven by the robust outlook on the domestic business and cautiously optimistic outlook on the international biz.
Finance Minister Nirmala Sitharaman announced the expansion of Nano DAP application across various crops in all agro-climatic zones on Thursday
Currently, the version of DBT in fertilisers involves farmers purchasing their fertilisers through point of sale (PoS) devices after undergoing Aadhaar authentication
Analysts consider the south-west monsoon to be the lifeline of India's agri-based economy, as it is likely to brighten outlook for bumper crop output amid inflationary times post covid-19 blowout.
It would push up subsidy bill significantly
UPL, Shivalik Rasayan, Zuari Agro, Chambal Fertilisers, FACT and GSFC trading at 52-week highs on the BSE.