Rallis India shares tank over 6 pc on weak Q2 results

Shares of Tata group firm Rallis India today settled over 6 per cent after it reported decline in consolidated net profit for the quarter ended September 30.
The company's scrip dipped 6.36 per cent to Rs 212 on the BSE. In intra-day, it slumped 9 per cent to Rs 206.
At the NSE, the scrip plunged 6.36 to end at Rs 212.
Tracking weakness in the stock, the company's market valuation fell by Rs 279.26 crore to Rs 4,122.74 crore.
In terms of volume, 3.43 lakh shares of the company changed hands at the BSE, while over 14 lakh shares were traded at the NSE during the day.

Rallis India had yesterday reported marginal decline in its consolidated net profit to Rs 73.43 crore for the quarter ended September 30.

The company had clocked a net profit of Rs 74.75 crore in the same quarter last year.
The total income from operations of the company during the June-September period rose to Rs 641.94 from Rs 502.40 crore in the year ago period.
Rallis India is in the business of agro-chemicals.