Mkt is fwd biased and as explained Fertiliser prices are down ;no grwoth either of rev or earnings.The culprits are Inida and China on the bUY side and Russia and Israel on the sell side.
Excess capacity needs to be mopped up by the larger Coc. Too early to BUY as Agri stocks will be trending down as market looses momentum.
Believe it. Those in control of market sentiment rule in this space regardless of performance. Had DR issued an upgrade, none of this would be happening. But it is what it is. Stock down now about 7%. One might think they reported a loss.