Buy Rallis India, target Rs 298: Dharmesh Shah

Buy Rallis India Ltd. at a price target of Rs 298.0 and a stop loss at Rs 265 from entry point.

Dharmesh Shah of ICICI Direct has a buy call on Rallis India with a target price of Rs 298.

The current market price of Rallis India is Rs 276.55.

Time period given by the analyst is 'Intra Day' when Rallis India price can reach defined target.

Dharmesh Shah recommended to keep a stop loss at Rs 265.

Rallis India, incorporated in the year 1948, is a Mid Cap company (having a market cap of Rs 5,175.79 Crore) operating in Chemicals sector.

The company’s top management includes Dr.Y S P Thorat, Dr.(Mrs.)Punita Kumar Sinha, Mr.Bharat Vasani, Mr.Bhaskar Bhat, Mr.C V Natraj, Mr.Prakash R Rastogi, Mr.R Mukundan, Mr.V Shankar, Mrs.Padmini Khare Kaicker.
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Company has BSR & Co. LLP as its auditors.

As on 31-12-2017, the company has a total of 194,468,890 shares outstanding.
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