Fertilizer Stocks up by 1 to 6 percent – after M K Azhagiri statement

• Author: Lalitha
• Filed under: Agriculture, Chemical and Fertilizers
• Date: Jun 2,2009

Yesterday i was seeing TV and i saw M K Azhagiri giving some statement and thought that would boost up the chemical and fertilizer stocks and no bet it did today, He took over as Minister of Chemicals and Fertilizers on Monday, 1 June 2009, and then after that he informed that the government would strive to maximize domestic production of fertilisers and would work towards ensuring the timely availability of subsidised fertilisers and pesticides to the farmers in the country.

Rashtriya Chemicals and Fertilizers (up 6.97%),
National fertilizers (up 6.67%),
Gujarat State Fertilizers Company (up 4.41%),
Nagarjuna Fertilizers & Chemicals (up 4.04%),
Deepak Fertilisers and Petrochemicals Corporation (up 2.59%),
Tata Chemicals (up 1.62%), and
Chambal Fertilisers & Chemicals (up 1.17%).