Shares of fertilizer companies surged Thursday after Indian Farmers Fertiliser Cooperative Ltd (IFFCO) increased prices of fertilizers by 55-60 percent. These include di-ammonium phosphate (DAP) fertilizers and different grades of nitrogen, phosphorus, and potassium (NPK) fertilizers.
Shares of Deepak Fertilizers, Rashtriya Chemicals, and National Fertilizers rose between 13-18 percent.
For DAP, IFFCO has increased the price from Rs 1,200 to Rs 1,900 per bag. This price hike is effective from April 1, 2021.
Watch the accompanying video featuring CNBC-TV18’s Sonal Bhutra for more details.
(Edited by : Yashi Gupta)
First Published: Apr 8, 2021 11:45 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
