India's Rallis India up on higher quarterly profit

Rallis India

26/10/2023 08:34

** Shares of Rallis India  RALL.NS  rise ~3.3% to 213.35
rupees
    ** Crop protection products maker posted ~14% jump in profit
despite a 12.5% slide in revenue, as expenses fell ~15%
    ** More than 2.8 mln shares traded by 12.47 p.m. IST, 5.3x
the 30-day avg
    ** One brokerage rate the stock "strong buy," 5 "hold" and 8
"sell" or lower; their median PT is 208 rupees - LSEG data
    ** Stock cuts YTD losses to ~12% YTD

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))