The government's approval of a ₹41,500 crore subsidy under the NBS scheme has sparked interest in companies like Coromandel, Paradeep Phosphates, and GSFC. This move is expected to enhance margins, promote pricing stability, and boost demand for phosphatic and potassic fertiliser manufacturers. Additionally, there is a broader optimism that this could benefit urea-producing companies as well.

Gujarat State Fertilizers & Chemicals Limited (GSFC) defied the overall market trend by surging 7% to reach Rs 148.75, demonstrating its own resilience even as Sensex fell by 1.7%. This strong performance sets GSFC apart in a challenging market environment.