 "Analysts at Edelweiss Securities expect the seed business to remain key growth driver and the brokerage firm is building in a double-digit growth for the segment.")
Shares of Rallis India hit a new high of Rs 300.50, up 5 per cent in the intra-day trade, on the BSE on Monday after ace investor Rakesh Jhunjhunwala hiked stake by 0.38 basis points during the April-June quarter.
Rakesh Jhunjhunwala bought an additional 725,000 equity shares of the company in the June quarter. He owns stake through his two accounts -- Rakesh Radheshyam Jhunjhunwala (7.64 per cent) and Rakesh Jhunjhunwala (2.67 per cent). His combined holding in the Tata Group Company has increased to 10.31 per cent in June quarter, and is at the highest level since March 2016 quarter.
