Rallis India surges on reporting 14% rise in Q2 net profit
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Rallis India is currently trading at Rs. 212.45, up by 5.95 points or 2.88% from its previous closing of Rs. 206.50 on the BSE.
The scrip opened at Rs. 209.50 and has touched a high and low of Rs. 212.95 and Rs. 205.60 respectively. So far 56360 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 270.50 on 14-Dec-2022 and a 52 week low of Rs. 186.50 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 223.05 and Rs. 205.35 respectively. The current market cap of the company is Rs. 4075.10 crore.
The promoters holding in the company stood at 55.08%, while Institutions and Non-Institutions held 23.09% and 21.83% respectively.
Rallis India has reported 13.89% rise in its net profit at Rs 82 crore for second quarter ended September 30, 2023 as compared to Rs 72 crore for the same quarter in the previous year. However, total income of the company decreased by 12.17% at Rs 837 crore for Q2FY24 as compared Rs 953 crore for the corresponding quarter previous year.
Rallis India is engaged in the business of providing crop care solutions and agri services to the farming community.
