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Buy Rallis India, target price Rs 192: Kunal Bothra

Kunal Bothra recommended to keep stoploss at Rs 170.

ETMarkets.com|
Updated: Nov 15, 2019, 11.39 AM IST
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Rallis India Ltd., incorporated in the year 1948, is a Mid Cap company (having a market cap of Rs 3313.75 Crore) operating in Pesticides/Agro Chemicals sector.
Kunal Bothra of Independent Analyst has buy call on Rallis India Ltd. with a target price of Rs 192.0 . The current market price of Rallis India Ltd. is Rs 177.05 Kunal Bothra recommended to keep stoploss at Rs 170
Rallis India Ltd., incorporated in the year 1948, is a Mid Cap company (having a market cap of Rs 3313.75 Crore) operating in Pesticides/Agro Chemicals sector.

Rallis India Ltd. key Products/Revenue Segments include Agri inputs which contributed Rs 1626.22 Crore to Sales Value (97.29 % of Total Sales), Others which contributed Rs 38.14 Crore to Sales Value (2.28 % of Total Sales), Other Operating Revenue which contributed Rs 3.58 Crore to Sales Value (0.21 % of Total Sales), Scrap which contributed Rs 3.00 Crore to Sales Value (0.17 % of Total Sales) and Sale of services which contributed Rs .55 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 748.69 Crore, up 20.13 % from last quarter Sales of Rs 623.24 Crore and up 14.51 % from last year same quarter Sales of Rs 653.81 Crore Company has reported net profit after tax of Rs 79.72 Crore in latest quarter. The company’s top management includes Dr.C V Natraj, Dr.Y S P Thorat, Dr.(Mrs.)Punita Kumar Sinha, Mr.Bhaskar Bhat, Mr.John Mulhall, Mr.Prakash R Rastogi, Mr.R Mukundan, Mr.Sanjiv Lal, Mrs.Padmini Khare Kaicker. Company has BSR & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 194,468,890 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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