Budget 2022: Fertiliser stocks on roll as government mulls to increase Rs 1.4 lakh crore subsidy; scrips gain up to 15%
Fertilizers stocks during Tuesday’s session were on a roll, as the government is mulling around $19 billion (Rs 1.4 lakh crore) fertilizer subsidy in Budget 2022. The stocks surged up to 15 per cent on the BSE intraday trade today.
The rise in the fertilizer subsidy may help the fertilizer companies to recover the volumes lost last year: PTI