Views on Rallis India 3QFY2016 Result: Angel Broking

Views of Ms. Sarabjit Kour Nangra (VP Research - Pharma, Angel Broking) on Rallis India- 3QFY2016 Results:

"For 3QFY2016, the company posted net sales and profit of INR 306cr and INR 20cr. This was against the sales and net profit of INR 386cr and INR 25cr during the last corresponding period. The OPMs came to around 6% V/s 9% during the last corresponding period. The dip in sales was the real reason behind the dip in operating margins. We remain NEUTRAL on the stock."

Shares of RALLIS INDIA LTD. was last trading in BSE at Rs.143.85 as compared to the previous close of Rs. 149.55. The total number of shares traded during the day was 34361 in over 806 trades.

The stock hit an intraday high of Rs. 146.9 and intraday low of 142.5. The net turnover during the day was Rs. 4953070.

Source : Equity Bulls

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