Market

Rallis India shares rise 9% on strong Q1 earnings

Updated : July 19, 2019 10:30 AM IST

The shares of the agrochemical company rose about 9.7 percent to Rs 166 per share intraday.

At 9.30 AM, the scrip was up 7.47 percent higher at Rs 162.60 per share, while the Nifty was up 20.25 points, or 0.17 percent, at 11,617.15.

The company reported quarterly net profit at Rs 8.32 crore in the quarter ended June 30, up 7.22 percent from Rs 7.76 crore in the same quarter previous year.

Rallis India shares rose over 9 percent on Friday after the company reported strong first-quarter results, with a 7.22 percent rise in the consolidated net profit. The shares of the agrochemical company rose as much as 9.7 percent to Rs 166 per share on NSE intraday.

At 9.30 AM, the scrip was up 7.47 percent higher at Rs 162.60 per share, while the Nifty 50 was up 20.25 points, or 0.17 percent, at 11,617.15.

The company reported quarterly net profit at Rs 8.32 crore in the quarter ended June 30, up 7.22 percent from Rs 7.76 crore in the same quarter previous year.

While the net sales of the company was at Rs 363.13 crore in the first quarter, up 3.05 percent from Rs. 352.39 crore in June 2018, the operating margin for the company rose to 15.2 percent as compared to 14.5 percent.

Also, track all live market action on CNBC-TV18 Market blog

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions