Rallis India rises after profit nearly doubles, set for busiest day in 9 months

Rallis India

15/07/2025 08:21

** Shares of Rallis India RALL.NS rise as much as 9% to 385.75 rupees
** Agri chemicals firm's Q1 net profit nearly doubled to 950 mln rupees ($11.1 mln), rev up 22.2% y/y
** Adds, market placement in Q1 benefited from early onset of monsoon, global demand has also started showing signs of recovery in a few products
** More than 22.1 mln shares traded as of 12:44 p.m. IST, 32.6x their 30-day moving avg; busiest day yet since Oct. 16, 2024
** Mean rating of stock is 'sell'; median PT is 234 rupees - data compiled by LSEG
** RALL last up 3.6%, adding to YTD gains of 19.6%

($1 = 85.8125 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))