GSFC, GNFC to FACT: How Israel-Hamas war is fueling fertilizer stocks in India — explained
₹167.50 to ₹203 apiece levels after the spread of Israel war, delivering more than 20 per cent return to its shareholders. Fertilisers And Chemicals Travancore or FACT share price has ascended from near ₹510 to ₹710 apiece levels during Israle-Palestine conflict, delivering to the tune of 40 per cent return to its shareholders. Shares of Gujarat Narmada Valley Fertilizers and Chemicals or GNFC share price has shot up from around ₹610 to ₹655 apiece levels.
Likewise, Madras Fertilizers share price has risen from ₹73.45 to ₹82.50 apiece levels in this time. Buy or sell: Sumeet Bagadia recommends three stocks to buy next week According to stock market experts, outbreak of the Israel-Hamas war has raised concerns over global fertilizer supply. They believe that Israel's Ashdod is a major hub for potash exports and shipping restrictions and war risk has jeopardized the smooth operations at this crucial port in Israel.
Stock experts went on to add that investors are buying fertilizer stocks taking lessons from the Russia-Ukraine war as fertilizer stocks had ascended at that time as well. Reminding the fertilizer stock rise during Russia-Ukraine war, Sonam Srivastava, Founder and Fund Manager at Wright Research said, "The outbreak of the Israel-Hamas war has raised concerns over global fertilizer supply, particularly because of the potential disruption to potash exports from the region. Israel's port of Ashdod, a major hub for potash exports, is operating in "emergency mode" due to the conflict.
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