date:May 05, 2016
Rallis India Ltds share has gained 2% after the company reported sales growth, following three consecutive quarters of declining growth.
Sales in the March quarter increased 9% on higher exports at the Tata group firm. With the recent gains, the stock is up 30% in two months.
Driving the stock at the maker of agricultural products is the expectation of an earnings turnaround, helped by a good monsoon forecast and a revival in farming activity.
Last fiscal year, poor rains affected demand and