Rallis India up 5% on strong Q4 earnings

Buoyed by strong fourth quarter figures, shares of Tata Group firm Rallis India today jumped by over 5 per cent.
The scrip was trading at Rs 203.45 on BSE, up 5.03 per cent over its previous close.
On NSE, the stock was trading at Rs 204, a rise of 5.59 per cent.
Rallis India reported a 51 per cent increase in consolidated net profit at Rs 32.25 crore for the March quarter.
It had posted a net profit of Rs 21.32 crore in the same period last fiscal.
Total income from operations rose to Rs 348.28 crore in the January-March period of 2015-16 compared to Rs 320.41 crore in the corresponding quarter.

"Our continued focus on quality of operations have not only held on to the margins but significantly improved our working capital situation. With emphasis on cash, we are now at zero debt status," Rallis India Managing Director and CEO V Shankar said in a statement.

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Later in the day, the stock lost momentum and settled at Rs 197, up 1.70 per cent, on BSE. Intra-day, it gained as much as 5.03 per cent at Rs 203.45.
On NSE, the stock closed with 1.53 per cent gains at Rs 196.15. During the day, it climbed 5.59 per cent to Rs 204.

About 6.05 lakh shares of the firm were traded on both the exchanges.