Rallis India hits 21-month high, zooms 47% in January on strong Q3 results

Analysts remain positive due to growth capex in exports, revitalizing domestic distribution, new product launches, and backward integration in Metribuzin.

Shares of Rallis India continued their northward march and rallied 7 per cent on Wednesday to hit 21-month high level of Rs 247 on the BSE. The stock of the Tata Group agrochemicals company was trading at its highest level since April 25, 2018.

Thus far in January, Rallis has zoomed 47 per cent after it delivered an all-round performance in Q3 on the back of a 35 per cent yoy growth in the domestic business. This is Rallis' best performance in the last six years, albeit on a low base.

The company’s profit before tax more-than-doubled at