Shares of the domestic fertilizer industry, which is the world’s 3rd largest in terms of production and 2nd largest in terms of consumption, put up a massive performance on Dalal Street in last three years.
Check this out. Nearly 10 companies from the sector doubled investor wealth in last three years.
Shares of Gujarat Narmada Valley Fertilizers Chemicals (GNFC) as of March 15, 2017 was almost trading at Rs. 260 from Rs 69.65 as of March 3, 2014 which means it gave more than 280 percent returns.
Shiva Global Ltd was trading around Rs 18 as of 15 March, 2014 is now trading at Rs. 60 as of 15 March 2017 which is more than 220 percentage returns.
National Fertilizer shares was trading at Rs 23 as of 15 March 2014 and it zoomed till Rs 74 as of 15 March 2017 which is more than 200 Percent returns
Gujarat State Fertilizers & Chemicals Ltd. (GSFC) shares was trading around Rs 51 as of 15 March 2014 has risen to Rs 123 which is more than 170 Percent as of 15 March 2017.
Aries Agro Ltd shares was trading around Rs 55 levels as of 15 March 2014 which jumped to Rs 156 as of 15 March 2017 which is whopping 150 percent returns.
Khaitan Chemicals & Fertilizers Ltd. (KHAICHEM) gave more than 140 percent returns the share was trading at Rs 5.80 as of 15 March 2014 which zoomed till Rs 15.50 as of 15 March 2017.
Rama Phosphates Limited (RAMAPHO) which was available at around Rs 30 price has appreciated to Rs 78 giving more than 140 percent returns as of 16 March 2017.
Chambal Fertilisers and Chemicals Limited (CHAMBLFERT) had touched around Rs 83 as of 16 March 2017 from Rs 54 levels as of 15 March 2014 giving more than 110 Percent returns.
Deepak Fertilisers And Petrochemicals Corporation Limited made a high of Rs 275 as on 16 March 2017 giving more than 100 percent returns in last 3 years.
Basant Agro Tech (India) Limited (BASANTGL) shares doubled from Rs 3.50 to Rs 7.20 in last 3 years giving more than double the returns.
Additionally Shares of Coromandel International, FACT and Zuari Global also rose more than 50 per cent to 80 Prercent in last three years.
Will the sector continue to produce gems in the coming years?
According to Market reposrts and Brokerage houses government is doing massive investment and capital spending in Agriculture industry as it is the backbone of Indian Economy. As Narendra Modi win in Uttar Pradesh Assembly elections we are expecting more reforms and subsidies in fertilizer sector in coming quarters.