Fertilizer stocks Rashtriya Chemicals, Paradeep Phosphates, others soar up to 7%. What’s fuelling the surge today?

Fertiliser stocks surged as Finance Minister Nirmala Sitharaman assured no shortage of urea for the current rabi season. The government has ramped up urea imports and increased subsidies to ensure farmers receive adequate nutrients at affordable prices. India's urea imports more than doubled during April-October to meet domestic demand.