Fertiliser cos may see dry spell at bourses

Stocks of Coromandel International, Chambal Fertilisers & Chemicals, Deepak Fertilisers and Petrochemicals and Rashtriya Chemicals & Fertilizers may come under pressure due to weak monsoon. Fertilizer sales fell 8 per cent year-over-year by volume in June, according to analysts. Despite a revival in the past 10 days, rains have been poor in the main growing areas of the country - affecting the demand for fertilisers, broking firm Prabhudas Lilladher said.