Rallis India Stock Soars 15% on HSBC 'Buy' Upgrade, Strong Q3 Performance

• Rallis India Ltd. shares jumped 15% after HSBC upgraded the stock to 'Buy' with a price target of ₹300, indicating a 27% upside.
• The upgrade follows Rallis India's Q3FY26 earnings beat, with adjusted profit after tax exceeding estimates despite challenging operating conditions.
• HSBC noted early recovery signs in the seeds and exports businesses, reflecting the company's ongoing business transformation.
• The stock had corrected 35% in the past six months, making the current upgrade and improved earnings visibility significant.
• In Q3, net profit declined 81.8% to ₹2 crore, but revenue rose 19.3% to ₹623 crore, and EBITDA climbed 31.8% to ₹58 crore.

Why It Matters: Rallis India's stock surged due to an HSBC upgrade and strong Q3 results, signaling a potential recovery.