Rallis India surges by over 7%

India Infoline News Service | Mumbai | October 06, 2017 15:04 IST

The share of Rallis India soared by over 7% during Friday’s trading session as the stock witnessed a spurt in volume by more than 1.56 times.
 
The stock was trading up by 6.97% at Rs 228 per share on BSE at 1418 hours. The stock opened at Rs 214.95 per share. The stock touched its intraday high and low at Rs 237 and Rs 214.55 per share, respectively.
 
The stock has attracted total traded volume of 14,67,081 shares and traded value of Rs 3,346 lakh on NSE at 1419 hours. Its 52-week high stood at Rs 265.25 as on March 31, 2017 and 52-week low at Rs 180.40 as on November 22, 2016.
 
The company’s consolidated revenue for the Q1FY18 came in at Rs 463 crore, registering 1% yoy decline. The PAT for the quarter came in at Rs 45 crore, yoy decline of 74%. This includes Rs 158 crore comprising profit on the assignment of leasehold rights to a plot of land.
 
Rallis India Limited is engaged in the business of manufacture and marketing of Agri Inputs. The company has its manufacturing facilities in India and sells both in India and across the globe.