Fertiliser stocks are shining; and there's more to the rally, say experts

Fertiliser stocks have been on a run since the past few weeks and analysts believe there could be more legs to the rally in the weeks ahead, in the backdrop of positive global and domestic cues.

A K Prabhakar, head of research at IDBI Capital, for instance, sees more headroom in stocks of fertiliser companies, especially those that have backward integration as well — i.e. have captive power plants and raw material source to produce fertilisers.

Unlike crude oil, that is one of the biggest imports for India, a bulk of the gas is indigenously produced, Prabhakar