Rallis India sees best session in over 18 months on profit jump
19/07/2019 05:24
** Shares of Rallis India Ltd RALL.NS rise as much as 8.4%
to 164 rupees, their biggest intraday pct gain since Dec 2017
** Agro inputs manufacturer on Thursday posted 24% jump in
June-qtr profit at 677.6 mln rupees ($9.85 mln) urn:newsml:reuters.com:*:nFWN24J0IB
** Around 800,00 shares change hands in early trade, 9.1
times the 30-day average
** Ten of 18 brokerages covering the stock have "buy" or
equivalent ratings, four "sell" and four "hold"; median TP 175
rupees - Refinitiv data
** Up to last close, stock had fallen 15.3% this year, while
peer Excel Crop Care Ltd EXCR.NS was down 20.7%
($1 = 68.7950 Indian rupees)
(Reporting by Harish Bhaskar in Bengaluru)
((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))