RALLIS

** Shares of agrochemicals maker UPL UPLL.NS jump 3.7% to 626.2 rupees, eye their biggest one-day gain in nearly four years, if current trend holds

** At least 10 brokerages have hiked price targets on UPL stock following strong Q3 results on Friday, and three raised ratings - LSEG data

** Investec says UPLL reported Q3 EBITDA margin at 19.8%, beating their estimate of 18% on favourable products mix, normalisation of rebate to dealers, improvement in prices

** Brokerage ups PT by ~56% to 700 rupees - a 16% premium on last close; raises rating to "buy" from "sell"

** Jefferies says business normalisation, recovery of volumes and prices drove Q3 growth

** Raises PT by 10% to 710 rupees; retains "buy"

** Over 7.2 mln shares traded, 3.4x the 30-day avg

** UPLL stock rated "buy" on avg, same as peer Dhanuka Agritech DHNP.NS, while Rallis India RALL.NS rated "sell" - LSEG data

** YTD, UPLL stock up ~25%, while DHNP and RALL down 5.3% and ~20%, respectively

(Reporting by Manvi Pant in Bengaluru)

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** Shares of agricultural chemicals producer Rallis India Ltd RALL.NS fall 6.8% to 270 rupees after Q3 results

** The Tata Chemicals TTCH.NS subsidiary reports 54% y/y decline in net profit to 110 mln rupees ($1.27 million)

** Co faced pricing pressures and lower demand in its export business and 'intense market competition' in domestic business, it said in a regulatory filing

** Co's revenue from operations falls 12.7% to 5.22 bln rupees

** Monday's losses trim 12-month gain to 3.07%

** Stock rated 'sell' on avg by 13 analysts, median PT is 274 rupees - LSEG data

($1 = 86.4820 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 17 (Reuters) - Rallis India Ltd RALL.NS:

• RALLIS INDIA DEC-QUARTER NET PROFIT 110 MILLION RUPEES

• RALLIS INDIA DEC-QUARTER REVENUE FROM OPERATIONS 5.22 BILLION RUPEES

Source text: ID:nBSE9h8k1z

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** Shares of Rallis India RALL.NS rise 11.5% to 359.45 rupees

** Agrochemical firm reports a 19.5% rise in Sept-qtr net profit to 980 million rupees (~$11.7 million) while rev from ops jumps 11.5%

** RALL on track for fourth straight session of gains

** Busiest session for stock since early August; more than 3.6 mln shares change hands, over 11 times the 30-day avg in early trade

** Avg rating of analysts covering RALL at "sell" vs a "buy" rating both for larger peers UPL UPLL.NS and Dhanuka Agritech DHNP.NS

** RALL's median PT is at 250 rupees - LSEG data

** Stock up ~44% so far this year vs a ~3% fall in UPLL and a ~44% rise in DHNP

($1 = 84.0650 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Sept 2 (Reuters) - Rallis India Ltd RALL.NS:

• RALLIS INDIA- CO, BIO-GENE TECHNOLOGY COMPLETE PILOT-SCALE PRODUCTION

• RALLIS INDIA LTD - PILOT-SCALE PRODUCTION OF PRE-COMMERCIAL QUANTITIES OF FLAVOCIDE

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** Shares of Rallis India Ltd RALL.NS down 6.4% at 318.60 rupees

** Stock set for second-worst day in 2024, if losses hold

** Tata Group-owned agrochem firm's Q1 profit falls, dragged by flat rev and slightly higher expenses

** Analysts tracking RALL rate it "hold" on avg; median PT is 269 rupees - LSEG data

** Day's losses trim YTD gains to 28% vs larger competitor UPL's UPLL.NS ~7% decline

(Reporting by Nandan Mandayam in Bengaluru)

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July 18 (Reuters) - Rallis India Ltd RALL.NS:

• RALLIS INDIA JUNE-QUARTER NET PROFIT 480 MILLION RUPEES

• RALLIS INDIA JUNE-QUARTER REVENUE FROM OPERATIONS 7.83 BILLION RUPEES

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June 26 (Reuters) - Rallis India Ltd RALL.NS:

• FILED APPEAL WITH COMMISSIONER OF INCOME TAX AGAINST DEMAND ORDER

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April 24 (Reuters) - Rallis India Ltd RALL.NS:

• RALLIS INDIA - FILED APPEAL WITH COMMISSIONER OF INCOME TAX AGAINST 4.09 BILLION RUPEES DEMAND ORDER FROM INCOME TAX DEPARTMENT

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April 22 (Reuters) - Rallis India Ltd RALL.NS:

• RALLIS INDIA MARCH-QUARTER NET LOSS 210 MILLION RUPEES VERSUS LOSS 690 MILLION RUPEES

• RALLIS INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 4.36 BILLION RUPEES VERSUS 5.23 BILLION RUPEES

• DIVIDEND OF 2.50 RUPEES PER SHARE

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** Brokerage HSBC downgrades Tata Chemicals TTCH.NS to "reduce" from "hold", flags weak fundamentals in soda ash segment and elevated valuations

** TTCH ends session ~4% lower, extending declines from Friday

** Expect volume- and pricing-led pressure to impact Q4 results for UPL UPLL.NS and Rallis India RALL.NS, leading to 6%-25% rev declines, brokerage says

** Retains "buy" on UPL, "reduce" on RALL; avg rating on UPLL, RALL, TTCH are "buy", "hold" and "sell" respectively - LSEG

** Adds domestic agri-chem companies likely fared better, "prefers" PI Industries PIIL.NS and Dhanuka Agritech DHNP.NS

** Sector to revive in H2CY24 after "disrupted" 2023, led by lower inventory, stable prices - HSBC

** UPLL, RALL, PIIL, DHNP close down between 1.12%-2.6%

(Reporting by Hritam Mukherjee in Bengaluru)

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April 11 (Reuters) - Rallis India Ltd RALL.NS:

• RECEIVED FOUR ORDERS FROM TAX AUTHORITY DISMISSING APPEALS FOR DUES OF 50.1 MILLION RUPEES

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** Shares of agri-products maker Rallis India RALL.NS jumps 13.4% to session high of 288.40 rupees

** At session high, jump is its biggest one-day gain since Jan 2020

** Reuters could not immediately determine the reason for stock move

** Stock on track for second straight weekly gain

** Avg rating of 13 analysts is equivalent to 'hold' with 5 of them rating it 'sell', median TP is 220 rupees - LSEG data

** RALL up 13.2% YTD, after a 3% climb in 2023

(Reporting by Rama Venkat in Bengaluru)

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March 1 (Reuters) - Rallis India Ltd RALL.NS:

• RALLIS INDIA LTD - – APPOINTMENT OF GYANENDRA SHUKLA AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER

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Feb 29 (Reuters) - Rallis India Ltd RALL.NS:

• APPOINTS GYANENDRA SHUKLA AS MD, CEO

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** Shares of Rallis India RALL.NS up 2.9% at 260.50 rupees, having risen as much as 4% earlier

** Agricultural chemical maker on Tuesday reported 9.9% Y/Y rise in Q3 net profit

** Revenue from ops fell 5.1% while total expenses declined 5.3%

** Co also approved proposal for capacity addition at pendimethalin plant at Dahej SEZ in Gujarat by ~2,000 MT/annum; plant's current capacity is ~5,000 MT/annum

** Trading vol 1.2x the 30-day daily avg

** Avg rating of 14 analysts equivalent of "sell", median PT is 214.50 rupees - LSEG data

** Stock rose 3.1% in 2023, after falling for two straight years

(Reporting by Ashish Chandra in Bengaluru)

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Jan 23 (Reuters) - Rallis India Ltd RALL.NS:

• DEC-QUARTER NET PROFIT 240 MILLION RUPEES VERSUS 220 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 5.98 BILLION RUPEES VERSUS 6.3 BILLION RUPEES

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Jan 9 (Reuters) - Rallis India Ltd RALL.NS:

• GOT ADDITIONAL DEMAND ORDER WORTH 4.1 MILLION RUPEES FROM JOINT COMMISSIONER OF SALES TAX, MUMBAI

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** Kotak Institutional Equities says exuberance around interest rate cuts, supply issues on chemical stocks could wane as sector still has growth issues in 2024

** Some stocks like Atul ATLP.NS, Aarti Industries ARTI.NS , Rallis India RALL.NS, SRF SRFL.NS, Tata Chemicals TTCH.NS, National Fertilizers NAFT.NS, Godrej Agrovet GODE.NS have rallied between 7%-17% in December

** Current data around chemical demand and pricing remains soft, demand still weak - brokerage

** 2024 outlook for crop commodities is quite mixed with low reservoir levels in India and lower agri commodity prices in U.S., Kotak says

** Import prices into India remain weak, as do export prices out of the U.S. - brokerage

(Reporting by Sethuraman NR in Bengaluru)

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** Brokerage HSBC expects Indian agro input companies to recover in 2024 following a "disruptive" 2023

** Sector should rebalance over 1H2024 and may see a revival in 2H on less inventory overhang, pesticide prices close to bottoming out, higher crop prices - HSBC

** Brokerage raises PT of Dhanuka Agritech DHNP.NS to 1,200 rupees and of Bayer Cropscience BAYE.NS to 5,600 rupees

** Prefers UPL UPLL.NS, PI Industries PIIL.NS and DHNP, downgrades Rallis India RALL.NS to "reduce" from "hold"

** DHNP rises 1.6%, on track to snap six straight weeks of losses

** BAYE, UPLL, RALL, PIIL gain between 0.4% and 1.4% on Thursday

(Reporting by Hritam Mukherjee)

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** Shares of Rallis India RALL.NS surges 6.3% in heavy volume, set for their biggest one day jump since mid-Jan

** The reason for the move was not immediately clear

** Trading vol of over 11 mln is 16.6x the 30-day daily avg and highest since July 2003

** Stock hits about 9-week high of 234 rupees and is 16% shy of its 52-week high

** Stock last at 229.55 rupees, set to close above its 50-day moving avg for first time since mid-Sept

** Avg rating of the 14 analysts on RALL is "sell" and median PT is 210 rupees - LSEG data

** Stock trims YTD losses to ~5.5%

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Rallis India RALL.NS rise ~3.3% to 213.35 rupees

** Crop protection products maker posted ~14% jump in profit despite a 12.5% slide in revenue, as expenses fell ~15%

** More than 2.8 mln shares traded by 12.47 p.m. IST, 5.3x the 30-day avg

** One brokerage rate the stock "strong buy," 5 "hold" and 8 "sell" or lower; their median PT is 208 rupees - LSEG data

** Stock cuts YTD losses to ~12% YTD

(Reporting by Aleef Jahan in Bengaluru)

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Oct 25 (Reuters) - Rallis India Ltd RALL.NS:

• SEPT-QUARTER NET PROFIT 820 MILLION RUPEES VERSUS PROFIT 702 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 8.32 BILLION RUPEES VERSUS 9.51 BILLION RUPEES

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July 18 (Reuters) - TATA CHEMICALS TTCH.NS:

• ACQUIRED 4.99% STAKE OF SHARE CAPITAL OF RALLIS VIA BLOCK DEAL

• COST OF ACQUISITION AT 2.09 BILLION RUPEES

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BENGALURU, May 3 (Reuters) - India's Tata Chemicals Ltd TTCH.NS posted a 62% jump in fourth-quarter profit on Wednesday, helped by demand for products such as soda ash, bicarbonate and salt.

The chemical manufacturer's consolidated net profit rose to 7.09 billion rupees ($86.7 million) in the three months ended March 31, from 4.38 billion rupees a year ago.

India, the world's sixth-largest chemical producer, has seen rapid growth, reaping the benefits of many countries and companies looking for alternative sources due to top supplier China's COVID-related supply chain issues.

The basic chemistry products segment, which contributes to more than 85% of revenue jumped 31.7%, while input costs fell 12.1% to 6.30 billion rupees.

Basic chemistry products include soda ash, sodium bicarbonate, salt and marine chemicals, which are widely used in paints, detergents, insecticides, among others.

"We expect (the) sustainability trend will drive the demand for newer applications like solar glass and lithium which will fuel growth," R. Mukundan, the company's managing director and chief executive, said.

Tata Chemicals expects the global demand-supply situation to remain balanced over the medium term, Mukundan said.

The Mumbai-based company reported a 26.6% rise in its consolidated revenue to 44.07 billion rupees.

Rallis India Ltd RALL.NS, Tata Chemicals' agri-input manufacturing unit, posted a wider fourth-quarter loss of 691.3 million rupees due to one-off expenses related to its seeds business.

Tata Chemicals' shares closed up 2.2% at 993.1 rupees on Wednesday ahead of the results. They rose 4.8% in 2022.

($1 = 81.7900 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Sonia Cheema)

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** Shares of Rallis India Ltd RALL.NS fall as much as 4.62%, their steepest intraday decline since Jan 19, to 190 rupees

** Slide after the agri-products maker's March quarter losses widen to 691.3 mln rupees from 141.3 mln rupees a year ago nFWN36S0Z9

** Revenue rose marginally to 5.23 bln rupees; RALL also recommended a dividend of 2.5 rupees per share

** Brokerage Equirus Securities flags significant price erosion across multiple products in RALL's international business in first half of FY25

** Cuts FY24-25 profit estimates by 16-25%

** The MACD (moving average convergence divergence) line fell below the signal line on April 25, implying bearish bias

** About 462,512 shares change hands as of 10:05 a.m. IST, more than twice the 30-day avg - Refinitiv IBES data

** Of the 14 analysts tracking RALL, three have "buy" rating, three "sell" and eight "hold;" median TP is 225 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 25 (Reuters) - Rallis India Ltd RALL.NS:

• RALLIS INDIA MARCH-QUARTER LOSS 691.3 MILLION RUPEES VERSUS LOSS 141.3 MILLION RUPEES

• RALLIS INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 5.23 BILLION RUPEES VERSUS 5.08 BILLION RUPEES YEAR AGO

• RALLIS INDIA LTD - RECOMMENDED A DIVIDEND OF 2.5 RUPEES PER SHARE

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