The shares of National Fertilisers, RCF and Chambal Fertilisers however are seen trading with optimism ahead of the budget (interim) day up by 2.45 percent, 1.68 percent and 1.94 percent respectively.
The heightened activity in fertiliser stocks also comes ahead of Union Budget 2024. This is a general trend as the buzz around fertiliser subsidy gets stronger ahead of Budget.
“Tata Motors, Maruti, TVS and Hero MotoCorp are all hitting new highs. But rather than Hero, I will go with Bajaj Auto. And not Tata Motors, I would put my money on Ashok Leyland. They have garnered more market share. Tata Motors is the institutional favourite but I would put my money on Ashok Leyland.”