FERTILISER SHARES SURGE ON EXPORT DEMAND AND EARLY MONSOON

Fertiliser shares have seen a strong gain in the last few weeks on account of potential export demand as well as early onset of monsoon in India. The broader rally in fertiliser stocks came after the European Union backed a proposal to raise tariffs on imports of fertilisers from Russia, a move seen as an attempt to reduce European Union’s import dependency from Russia. This is being seeing as a positive for Indian producers. In the domestic front, optimism around a strong & early monsoon season also bolstered market sentiment. The India Meteorological Department (IMD) has forecast above-normal rainfall for the 2025 monsoon season. This will improves crop output and support demand for fertilisers in the local market. Some of the stocks to benefit from this are

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