Rallis India shares rise 9% on strong Q1 earnings

Rallis India shares rose over 9 percent on Friday after the company reported strong first-quarter results, with a 7.22 percent rise in the consolidated net profit. The shares of the agrochemical company rose as much as 9.7 percent to Rs 166 per share on NSE intraday.

At 9.30 AM, the scrip was up 7.47 percent higher at Rs 162.60 per share, while the Nifty 50 was up 20.25 points, or 0.17 percent, at 11,617.15.

The company reported quarterly net profit at Rs 8.32 crore in the quarter ended June 30, up 7.22 percent from Rs 7.76 crore in the same quarter previous year.