Rallis India shares rally 5% on strong Q4 earnings - The New Indian Express

Rallis India shares rally 5% on strong Q4 earnings

Published: 23rd April 2014 11:19 AM

Last Updated: 23rd April 2014 11:19 AM

Rallis India shares jumped on Wednesday after the company announced a sharp rise in consolidated net profit for the quarter ended March 2014.

During the quarter, the company has reported 71.40% jump in net profit to Rs 193 million from Rs 112.60 million in the same quarter previous year.

Net sales for the quarter rose 16.35% to Rs 3,314.60 million, compared with Rs 2,849 million for the prior year period.

Shares of the company are trading at Rs 175.05, up Rs 8.35, or 5.01% at the Bombay Stock Exchange (BSE) on Wednesday at 10:05 a.m.The scrip has touched an intra-day high of Rs 178.80 and low of Rs 172.15. The total volume of shares traded at the BSE is 119,096.In the earlier session, the shares declined 0.45%, or Rs 0.75, at Rs 166.70.Currently, the stock is trading down 7.87% from its 52-week high of Rs 190.00 and above 43.48% over the 52-week low of Rs 122.

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