Rallis India heads for second-worst day in 2024 after downbeat Q1 profit
19/07/2024 07:40
** Shares of Rallis India Ltd RALL.NS down 6.4% at 318.60
rupees
** Stock set for second-worst day in 2024, if losses hold
** Tata Group-owned agrochem firm's Q1 profit falls, dragged
by flat rev and slightly higher expenses
** Analysts tracking RALL rate it "hold" on avg; median PT
is 269 rupees - LSEG data
** Day's losses trim YTD gains to 28% vs larger competitor
UPL's UPLL.NS ~7% decline
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))