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Mumbai, Maharashtra, India
Besides being a CHARTERED ACCOUNTANT from Institute of Chartered Accountants of India,SAP certified consultant(FICO) and A Director in an advertising Company,I am a BSE certified stock analyst(technical) and I trade regularly on Bombay stock exchange.Do you like to have some free reliable stock trading tips ??? Visit my blog daily and follow my research.

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Thursday, February 17, 2011

GOOD MORNING

Hi friends,

Morning does not seem to be very good on market but the following news will raise prices for fertiliser shares.

GOOD BUYS FOR MEDIUM TERM TILL ANNOUNCEMENT OF THE POLICY :

NATIONAL FERTILISERS
TATA CHEMICALS


Fertiliser Policy


Government expected to increase subsidy rates


· Government of India (GoI) has decided to increase the subsidy rates under NBS w.e.f. 1st April ‘2011 – to compensate companies for higher raw material prices


· Prices for Urea fixed at $350, Di-ammonium phosphate (DAP) at $580, Muriate of Potash (MOP) at $ 390 while Sulphur at $180


· Higher subsidies is likely to keep the profitability of complex fertiliser players intact


· Positive news flow for the complex fertiliser space .
 
More later,
Regards,
Jagruti.
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