BALANCED FERTILISERS
India, one of the largest importers of urea, plans to be self-sufficient by 2025. Is it feasible?
A closer look at India’s strategy to end urea imports by 2025 shows gaps that need to be filled before shutting the import tap.
Will finally all the hard work yield results in Modi 3.0? 7 fertilizer stocks with 4 having ‘buy’ reco and upside upside potential of up to 22%
Few months back when it was announced that the fertilizer subsidy bill was seen as lower than expected, the street reacted negatively. The assumption is that if the fertilizer subsidy is going to come down then it is bad for the sector. Now there is another way to look at it, a government which has been ensuring that agriculture gets the right amount of attention and doing the various policy pushes, then why is the overall projected subsidy bill down? Probably, it may be because the government is expecting that policy actions which it has taken over the years will yield results and some of the other non-financial efforts which it will take in the sector will help reduce the bill without having an adverse effect on any stakeholders. Now unlike other sectors like railways where putting more money or making few policy changes has helped the sector, fertilizer is a more complex sector and is bound to take more time for getting the house in order. But then who says that transition for good is painless.
Indian fertilizer industry on track to reach Rs 1.38 lakh cr by 2032 amidst robust growth and strategic innovations
In 2023, the Indian fertilizer market size stood at Rs 94,210 crore, driven by increased agricultural demands and strategic governmental interventions.
Volume for complex fertilisers to grow 4-5% next fiscal: CRISIL
Domestic sales of complex fertilisers in India are expected to grow by 4-5% in fiscal year 2025, driven by a normal monsoon and stable retail prices, according to a report by CRISIL. The growth rate for these fertilizers was 7-8% in fiscal year 2024, but the operating profitability of fertiliser makers is expected to decline by 30-35% this fiscal year. The report predicts that profitability will rebound next fiscal year due to stable raw material prices and revised nutrient-based subsidy rates.
Try and buy the CPSE ETF; Bajaj Auto, FACT good buys on dips: Sanjiv Bhasin
Sanjiv Bhasin, Director at IIFL Securities, suggests being selective in investing in Public Sector Undertakings (PSUs) due to the recent run-up in their prices. However, Bhasin recommends buying the CPSE ETF for exposure to blue-chip PSU stocks. He also expects strong earnings from Bajaj Auto, citing their position as the largest exporter of two-wheelers and increased demand for their products. Bhasin advises buying Bajaj Auto on any declines towards Rs 5,000.
How a fertiliser shortage is spreading desperate hunger
Adding to the troubles around Ukraine's grain exports and world's food supply, fertiliser is also now in short supply and becoming costly.
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Govt aims 60% of wheat area under climate resilient varieties in rabi season amid El Nino fear
The Indian government aims to bring 60% of the total wheat area under climate-resistant varieties for the upcoming rabi sowing season, due to strong El Nino conditions. Despite the challenges of climate change, the Ministry of Agriculture has set a target of achieving a record wheat output of 114 million tonnes in the 2023-24 season.
GIFT Nifty up 20 points; here's what changed for market while you were sleeping
"Markets will now take cues from US inflation data which will be released late Thursday as the data would further provide insights into Fed’s future policy decision," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
MSCS amendment bill to come up in Monsoon session: Cooperation Minister Amit Shah
Cooperation Minister Amit Shah on Saturday said a bill that seeks to amend the law on Multi-State Cooperative Societies (MSCS) to bring ease of doing business will come in the Monsoon session of Parliament, starting July 20. Speaking at the 17th Indian Cooperative Congress here on the occasion of International Day of Cooperatives, Shah said the government wants to frame a new cooperative law that will help in expanding the sector in the next 25 years.
How chocolate could counter climate change
The biochar industry could potentially capture 2.6 billion of the 40 billion tonnes of CO2 currently produced by humanity each year, although scaling up use remains a challenge. Producers aim to sell carbon certificates to companies to reduce their carbon emissions.
Ind-Ra maintains neutral outlook for fertiliser industry for FY24
Sales in the fertiliser sector grew 15% yoy during April 2022-February 2023, led by higher availability of funds with farmers due to various policy measures, and the stable farm gate prices maintained by fertiliser companies as a response to the higher subsidy allocation during FY23 to counter the increase in raw material prices.
These 8 stocks have given golden returns since last Akshaya Tritiya? How are they placed for next one?
The stocks which have given multibagger returns include Apar Industries, Fertilisers And Chemicals Travancore Limited (FACT), Mazagon Dock Shipbuilders Ltd, UCO Bank, Rail Vikas Nigam Limited (RVNL), Finolex Cables Limited, Punjab & Sind Bank and Indian Bank Limited.
Emissions from fertilisers could be cut down by 80 pc: Study
Researchers have quantified that two thirds of emissions from fertilisers take place after they are spread on fields, with one third of emissions coming from production processes, the study said.
Finance Minister delivers balanced Budget, minus freebies
The budget has taken advantage of the fiscal space created by the end of the Covid free-food programme, lower fertiliser subsidies, and a sharp reduction in MGNREGA outlay. This has made possible the reduction of ₹37,000 crore in direct taxes. The finance minister wants taxpayers to shift to the new income tax regime which disallows myriad individual exemptions but gives a higher exemption limit of ₹7 lakh, facilitating both taxpayers and collectors. This has an element of election budgeting.
Union Budget 2023: Balancing fiscal prudence and growth imperatives
The focus of the govt in the budget should be on supporting the segments of the economy that would need help in coming back on their feet in FY2024. More sectors for the PLI scheme will give manufacturing the much-needed boost and increase in the disposable money in the hands of common households will support consumption and support the bottom of the income pyramid, given the expected stress in the economy.
India tweaks gas procurement norms for fertiliser firms to cut costs
India has tweaked the gas procurement policy for fertiliser companies, allowing them to buy about a fifth of their monthly needs through the local spot market to help the government cut its subsidy bill, two government sources told Reuters.
Fitch affirms India at BBB-, outlook stable
Fitch expects the government to push ahead with fiscal consolidation and forecast FY24 deficit target to be set at 6.0% of GDP in the upcoming budget.
Deepak Fertilisers to demerge its mining chemicals & fertilizers biz; stocks rises 6%
The proposed corporate restructuring shall considerably help create strong independent business platforms within the larger DFPCL brand umbrella, hence enhancing stakeholders' value over time," said Sailesh C Mehta, Chairman and Managing Director, DFPCL.
Deepak Fertilisers to demerge mining chemicals, fertiliser businesses
"The proposed corporate restructuring shall considerably help create strong independent business platforms within the larger DFPCL brand umbrella, hence enhancing stakeholders' value over time," Deepak Fertilisers and Petrochemicals Corporation Chairman and Managing Director Sailesh C Mehta said.
Sensex at record high but over 200 stocks are trading below 5-year average PE level. Should you buy?
In the financials basket, HDFC Bank, ICICI Bank, SBI, HDFC, Bajaj Finance, Kotak Mahindra Bank and Axis Bank are also on the list. However, while evaluating banks and other lenders, price-to-book value (P/B) is more appropriate than PE as banks earn income based on their balance sheet size.
Paytm, Sun TV among biggest laggards on BSE500; PSBs & railway stocks steal the show
Benchmark indices BSE Sensex and Nifty50 index settled marginally lower for the week, whereas midcap and smallcap indices dropped up to 2 per cent for the week, whereas India VIX dropped on a weekly basis.
Follow Buffett, go contra to make money in the long run: Siddhartha Bhaiya
“There are certain pockets which look attractive. Infra has done really well over the last one year so one needs to be very careful over there. Media, auto look very attractive to me. Pharma is something where value has started emerging. Infrastructure again looks good. There are pockets where valuations are very attractive, sectors that have not done well for a very long period of time.”
Govt's fertiliser subsidy bill likely to increase by Rs 40,000 crore this fiscal
The government’s fertiliser subsidy bill could increase by Rs 40,000 crore this fiscal from the already-announced allocation of Rs 2.15 lakh crore because of continued surge in the prices of pooled natural gas,the key raw material for manufacturing urea, according to CRISIL Ratings.
Top stock picks for Samvat 2079
With heightened geopolitical concerns, elevated inflation, and continued rate tightening by central banks keeping investors on the edge, a broad-based bull run in the new Samvat seems unlikely. But analysts said some stocks could still emerge as winners.
Siddhartha Bhaiya on why he is not betting on consumption, IT or banks
“Does India truly decouple or have we seen the worst as far as the western markets are concerned? I am not clear. This is a time for consolidation, I do not expect a runaway bull market at any point in time. I would rather be cautious than being very aggressive in this market, let me put it this way. ”
HDFC Large & mid cap mutual fund review: Needs to show sustained pick up
The fund has exhibited frequent bouts of underperformance over the years, under its earlier contrarian stance. Now in the hands of a new veteran fund manager, it is starting to show some improved results, but needs to exhibit a sustained pick up to be counted on for long term.
Govt freebies putting fiscal balances under pressure
The moment a government scheme is called a subsidy, it is frowned at. It is applauded if it's an 'incentive' or tax. When free bicycles are given by states, it is not unproductive as the cycle industry (mainly in Bihar) benefits from this outlay. The same holds with sewing machines (made popular in Tamil Nadu). Hence, if the schemes were called 'women' or 'girl' empowerment schemes with the prefix of a leader, it could have passed the 'test'.
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