{"id":84459,"date":"2023-01-19T13:25:00","date_gmt":"2023-01-19T07:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=84459"},"modified":"2023-01-19T13:18:47","modified_gmt":"2023-01-19T07:48:47","slug":"tata-group-stock-falls-7-after-q3-result-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-falls-7-after-q3-result-check-the-details\/","title":{"rendered":"Tata group stock falls 7% after Q3 result; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2605167638\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Rallis India fell 6.80% to reach an intraday low of \u20b9 228.80 apiece on the National Stock Exchange (NSE) after the company declared its results for the October to December quarter (Q3FY23).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-566084608\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RALLIS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rallis India<\/a><\/strong> shares were trading at \u20b9 231.75, down 5.58% at 12:37 PM on Thursday. 1342570 shares changed hands on the NSE.\u00a0<\/p><p>The Tata group company reported a 43% drop in its net profit for the December quarter, at \u20b9 22.55 crore against the net profit of \u20b9 39.55 crore in the corresponding period a year ago. The company\u2019s revenue from operations stood at \u20b9 630.39 crore in the December quarter compared to \u20b9 628.08 crores in the same period of the previous fiscal.&nbsp;<\/p><p>&#8220;Our third quarter revenues witnessed 0.3 per cent growth over last year. This has been in the backdrop of erratic rainfall in the domestic market and headwinds in international business. During the quarter, our domestic crop protection business grew by 7.7 per cent, crop nutrition business by 22 per cent,&#8221; said Sanjiv Lal, CEO- Rallis India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2745888044\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>He added that the company\u2019s exports declined by 6.5% primarily due to inventory build-up at the customer end. Further, he said that the company\u2019s long-term focus continues to be investing in growth through new product introduction, expanding its retail footprint, and investing in flexible multipurpose manufacturing plants for its new product pipeline.&nbsp;<\/p><p>Rallis India manufactures agrochemicals and is present across the value chain of agriculture inputs &#8211; from seeds to organic plant growth nutrients. In addition, it is in the business of contract manufacturing for global corporations.&nbsp;<\/p><p>The company has a market capitalization of \u20b9 4775 crores and is a small-cap company. Its shares are trading at a price-to-earnings ratio of 29.16, which is significantly higher than the industry P\/E of 13.71. Therefore the stock might be overvalued. It has a return on equity of 9.99% and a debt-to-equity ratio of 0.10.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3029005657\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Rallis India fell 6.80% to reach an intraday low of \u20b9 228.80 apiece on the National Stock Exchange (NSE) after the company declared its results for the October to December quarter (Q3FY23).&nbsp; Rallis India shares were trading at \u20b9 231.75, down 5.58% at 12:37 PM on Thursday. 1342570 shares changed hands on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5539,5540,5541,948,5385,936,3153,3157,5373,2597,2363,5538,3103,3678,4141],"class_list":["post-84459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rallis-india","tag-rallis-india-news","tag-rallis-india-results","tag-stock-market","tag-stock-market-2023","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2023","tag-stocks-to-watch","tag-tata-group","tag-tata-group-results","tag-tata-group-stock","tag-tata-group-stocks","tag-tata-group-stocks-returns"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata group stock falls 7% after Q3 result; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Tata group company reported a 43% drop in its net profit for the December quarter, at \u20b9 22.55 crore against the net profit of \u20b9 39.55 crore in the corresponding period a year ago. 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