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.
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.
Rallis India stock tanked up to 10 per cent on Friday after the firm announced its earnings for the quarter ended March 2022. The arm of Tata Chemicals reported a 274 per cent fall in net profit in Q4. The company announced a consolidated loss of Rs 14 crore for the March quarter due to multiple challenges, including in seeds business.