Rallis India rose 2.99% to Rs 199.50 at 10:12 IST on BSE after consolidated net profit rose 49% to Rs 32 crore on 9% growth in net sales to Rs 342 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 26 April 2016.Meanwhile, the S&P BSE Sensex was up 39.95 points or 0.15% at 26,047.25.
On BSE, so far 38,000 shares were traded in the counter as against average daily volume of 56,047 shares in the past one quarter. The stock hit a high of Rs 203.45 and a low of Rs 198.80 so far during the day. The stock had hit a 52-week high of Rs 273.80 on 15 July 2015. The stock had hit a 52-week low of Rs 142 on 21 January 2016. The stock had outperformed the market over the past one month till 26 April 2016, gaining 13.47% compared with Sensex's 2.64% rise. The scrip had also outperformed the market in past one quarter, advancing 18.07% as against Sensex's 6.21% rise.
The mid-cap company has equity capital of Rs 19.45 crore. Face value per share is Rs 1.
Commenting on the company's financial performance, V Shankar, Managing Director and CEO of Rallis India said that the continued focus on quality of operations helped the company to held on to the margins and significantly improve its working capital situation. With emphasis on cash, the company is now to a near zero debt status, Shankar said. The forecast for normal monsoon augurs well for coming Kharif season, he added.
Rallis India produces crop protection chemicals.
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