InvestorQ : Why has there been such a spurt in the share price of Rallis India?
Deepa Salunkhe made post

Why has there been such a spurt in the share price of Rallis India?

Answer
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Juvina Maggie answered.
3 months ago


Rallis India rose 5.04% on Monday after Rakesh Jhunjhunwala bought an additional 725,000 equity shares during the June quarter. Jhunjhunwala has been a long time investor in Rallis. With this purchase he has hiked his stake in Rallis to 10.31%. Rallis net profits fell 57.2% to Rs.65 lakh even as net sales were up 1.94% at Rs.346 in the March quarter.

Rallis is subsidiary of Tata Chemicals and focuses essentially on the farm verticals. Rallis India has already gained 73% since the beginning of the year as against a drop of 9%. In fact, from the March lows, the stock gained 130%.