Shares of Tata Group firm Rallis India will be in focus on Tuesday after the arm of Tata Chemicals reported a loss of Rs 21 crore during the quarter ended March 2024 against a loss of Rs 69 crore during the corresponding quarter of previous fiscal. Revenue from operations fell 16.63% to Rs 436 crore in Q4 compared to Rs 523 crore in the corresponding period of the previous fiscal. The board of the firm also approved a final dividend of Rs 2.5 per share for FY 24.
Rallis India stock plunged 4.64% to Rs 190 against the previous close of Rs 199.25 on BSE. The stock has lost 19.59 percent in a year and fallen 19.69 percent in 2023.
Revenue from operations marginally rose to Rs 630.39 crore during the October-December period compared to Rs 628.08 crore in the same period of the previous fiscal.
Rallis India shares, which hit a 52-week high of Rs 336 on July 22, 2021, is currently trading at Rs 205.40, translating into a decline of 38.86 per cent.