This agri stock gave 250% returns in 9 months
A PSU under the Ministry of Chemicals & Fertilisers, this stock rallied 253 per cent from its 52-week low of Rs 21.55 as on March 13, 2020, on the back of strong demand for fertilisers due to record Kharif and Rabi crop sowing
Chitranjan Kumar | January 9, 2021 | Updated 00:41 IST
Shares of Fertilisers and Chemicals Travancore Limited (FACT) hit upper circuit of 20 per cent on BSE
Shares of Fertilisers and Chemicals Travancore Limited (FACT) hit upper circuit of 20 per cent on the Bombay Stock Exchange (BSE) on Friday amid strong volume. A PSU under the Ministry of Chemicals & Fertilisers, the company s shares have rallied 253 per cent from its 52-week low of Rs 21.55 as on March 13, 2020, on the back of strong demand for fertilisers due to record Kharif and Rabi crop sowing. Investors appetite for agri-related stocks have increased, thanks to rebound in rural demand despite the coronavirus pandemic and macroeconomic uncertainty.