Budget 2025: Finance Minister Nirmala Sitharaman made major announcements for farmers. In her Budget speech, FM said the government sees the next five years as a unique opportunity to release 'Sabka Vikas', stimulating balanced growth of all regions. She added, "Agriculture is our first engine." Following the big announcement, agriculture and fertilizer stocks rallied.
Agriculture Stocks:
Kaveri Seed skyrocketed by nearly 11%, while Godrej Agrovet and India Pesticides climbed by 4%. M&M and UPL were up by 1%. Coromandel International was marginally up, but Dhanuka Agritech inched lower.
Fertilizer Stocks:
Stocks like Madras Fertilizers, Paradeep Phosphates, and FACT rose by 4% to 4.5%. While Chambal Fertilizers and Deepak Fertilizers, Gujarat Narmada and Gujarat State Fertilizers and Mangalore Chemicals jumped by 1% to 1.5%. National Fertilizer was up by 3%. RCF and Southern Petrochemical Industries Corporation were up by 1.5% each. However, Tata Chemicals' share price traded marginally lower.
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