Fertiliser Stocks Rally on Rabi Supply Assurance

Fertiliser stocks surged on December 16 after Finance Minister Nirmala Sitharaman assured Parliament of no urea shortage in the Rabi season. Urea stocks rose from 48.64 to 68.85 lakh tonnes in October via calibrated imports.

FACT, Paradeep Phosphates, Chambal, RCF and others gained up to 7%.