Fertiliser stocks may get a re-rating with price hikes a possibility

Early in April, the government told fertiliser companies to roll back the hike in maximum retail price (MRP) of non-urea fertilisers after some firms raised prices. With state elections out of the way, investors are betting that prices will be increased. Shares of Chambal Fertilisers and National Fertilizers rallied over 10 per cent on Wednesday while most of the other fertiliser stocks gained between 5 per cent and 10 per cent.

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