Over the previous three months, round eight fertilizer firms with market capitalisations exceeding Rs 1,000 crore have gained greater than 30% in worth, with two of them delivering multibagger returns (Information Supply: ACE Fairness). This surge is partly pushed by optimistic developments within the agricultural sector. In early June, the India Meteorological Division (IMD) projected an early and above-average southwest monsoon — a key issue that helps farming exercise and boosts rural consumption, each of that are beneficial for the fertilizer business.
