The Tata Chemicals' subisidiary's consolidated revenue grew 6 per cent to Rs Rs 663 crore for the quarter under review as against Rs 623 crore in the same quarter of FY20
The company recorded a growth of 6 per cent in consolidated revenue at Rs 663 crore for the quarter under review as against Rs 623 crore in the same quarter of FY20
His stake in Tata Group-owned watch and jewellery maker - Titan Company - and tractor-maker Escorts remained unchanged.
Rakesh Jhunjhunwala bought an additional 725,000 shares, and increased his holding in the Tata Group Company to 10.31% in June 2020 quarter. This is the highest level since March 2016 quarter.
The stock rallied 10% to Rs 297.40, and was trading close to its record high level of Rs 299 touched on May 3, 2015 in intra-day deals.
Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers
The stock is trading close to its 52-week high level of Rs 256, hit on February 20, 2020
With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months
Jhunjhunwala acquired an additional 275,000 shares of Rallis India during the quarter, taking his stake in the company to almost 10 per cent mark
Analysts remain positive due to growth capex in exports, revitalizing domestic distribution, new product launches, and backward integration in Metribuzin.
The company recorded consolidated revenues of Rs 534 crore for Q3FY20, a growth of 28 per cent over previous year's quarter of Rs 417 crore
The company, however, is planning to launch two new products every year till 2022. It expects the launches to help perk up the sales graph.
Despite the company's efforts to turn around the domestic business, analysts expect benefits to accrue only after 6-9 months
The stock slipped 6% to Rs 163, trading close to its 52-week low of Rs 160 touched on December 3, 2018 in intra-day trade.
Rallis India, Take Solutions, BASF, V2 Retail, Asahi India Glass, CARE Ratings, Hinduja Ventures, Hotel Leela and Shankara Building were among 22 stocks from the S&P BSE Allcap index hit 52-week lows.
Higher raw material prices, rising generics share in portfolio, lower Bt cotton seed prices could weigh on profit
With recent price hikes, margins should recover
Expenses rose to Rs 3.66 billion from Rs 3.20 billion earlier
The Rallis India stock had moved up nine per cent last week on expectations of market share gains led by strong volume growth and product launches. A further traction in contract manufacturing and research with commercialisation of new molecules and recovery in the global agrochemical market should give a fillip to exports. This should translate into strong revenue and earnings growth.The near-term trigger would be a recovery in volumes on the back of restocking of trade channels disrupted due to the implementation of the goods and services tax (GST).Analysts at IDFC Securities said in FY18, domestic business growth (60 per cent of consolidated revenues) would remain strong with restocking at dealers' level, improving reservoir levels and increasing pesticide product prices. The company is expected to offset the recent rise in raw material costs by raising prices that should help it to maintain operating profit margins at around 20.8 per cent levels registered in the September ...
On November 27 2017, Franklin Templeton Mutual Fund had purchased 1.78 million equity shares of Rallis India at a price of Rs 230 per share on the BSE through bulk deal.