Rallis India shares hit their new 52-week low of Rs 151.05 in the early trade on Tuesday after the company reported a 20 per cent fall in its consolidated net profit at Rs 20.41 crore for the December quarter. The company reported a net profit of Rs 25.49 crore in the year-ago period.
At 9.46 am, shares of Rallis India were trading 3.45 per cent down at Rs 152.40. The scrip opened at Rs 151.25 and had touched a high and low of Rs 155 and Rs 151.05, respectively, in trade so far. Later, the shares settled 5.26 per cent down at Rs 149.55.
Total income from operations during the the quarter under review declined to Rs 311.11 crore as against Rs 388.18 crore in the same period last year. Rallis India is a subsidiary of Tata Chemicals with business presence in the farm essentials vertical.
In the past one year, shares of Rallis India fell 29.54 per cent to Rs 157.85 on January 18. The benchmark index BSE Sensex declined 14.41 per cent during the same period.