Rakesh Jhunjhunwala hike stake in Rallis India

Published On: Monday, May 4, 2020 | By: Team KnowMyStock

Ace investor Rakesh Jhunjhunwala acquired an additional 275,000 shares of agrochemicals firm Rallis India during the March quarter of FY20.His stake in Rallis India rose from 9.79 per cent in the December quarter to 9.93 per cent in the March quarter, taking his stake in the company to almost 10 per cent mark. Jhunjhunwala held as much as 1,93,05,820 shares in Rallis at the end of March 2020 against 1,90,30,820 shares held at the end of December 2019. In the October-December quarter (Q3FY20), Rallis India had reported a strong 146 per cent year on year (YoY) jump in consolidated profit before tax (before exceptional items) at Rs 48 crore, against Rs 20 crore in previous year quarter. Consolidated revenues during the quarter jumped 28 per cent at Rs 534 crore on a YoY basis. Rallis India's stock was up 4 per cent at Rs 223 on the BSE on Monday in an otherwise weak market ahead of the announcement of its financial results for Q4FY20 on Tuesday.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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