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Rallis India Shares Surge Nearly 9% After Q1 Profit Doubles

  • Rallis India saw its shares surge nearly 9% after reporting a doubling of its Q1 profit to Rs 95 crore.
  • The company's revenue from operations also increased by 22.2% to Rs 957 crore, driven by strong operational efficiencies and strategic initiatives.
  • Rallis India's Ebitda rose by 56.3% to Rs 150 crore, with an improved Ebitda margin of 15.7% due to better cost management and operational leverage.
  • Analysts have mixed recommendations on the company, with three 'buy,' four 'hold,' and nine 'sell' ratings, while the average 12-month consensus price target implies a downside of 35.5%.

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