Fertiliser stocks in focus as monsoon intensify
Monsoon had slowed its pace in the first two weeks of June, however, it has now picked up and is likely to intensify its advancement in Central and North India, as per the reports of weather forecast agencies.
The Indian Meteorological Department (IMD) Director General, KJ Ramesh said to a leading news agency that on the western side, the monsoon is hovering around Valsad in South Gujarat and Bengal on the Eastern Side. As monsoon is covering almost all parts of the country, some of the fertiliser stocks are also gaining grounds on the bourses.
Following are the top fertiliser stocks on NSE which have gained more than 4% in the month of June:
Company Name Returns (%) From June 1 to June 26, 2017
Sikko Industries Ltd. 8.24
Nagarjuna Fertilizers and Chemicals Ltd. 6.98
Deepak Fertilisers & Petrochemicals Corporation Ltd. 6.67
Madhya Bharat Agro Products Ltd 4.68
Agro Phos India Ltd. 4.25