Rallis India Surges As Q1 Net Jumps Four-Fold

Shares of Tata group company Rallis India surged as much as 8 per cent to hit intraday high of Rs 224.90 after the agrochemical company's net profit surged in the June quarter. 

The Mumbai-based company's net profit jumped over four times to Rs 174.20 crore, aided by an exceptional gain of Rs 158 crore on sale of land parcel in Mumbai.

Rallis India's net sales jumped 7 per cent to Rs 467.66 crore on annual basis

As of 10:21 a.m., shares of Rallis India traded 5 per cent higher at Rs 219.35, outperforming the Nifty which was down 0.07 per cent.

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