Rallis India Shares Soar 15% on HSBC Upgrade After Q3 Results

• Rallis India Limited, a Tata Group company, saw its shares surge over 15% to Rs 271.10 on January 22, reaching an intraday high of Rs 280.75.
• HSBC upgraded Rallis India's rating to 'Buy' and raised the price target to Rs 300 per share, citing better-than-expected Q3 earnings.
• Despite an 81.8% year-on-year drop in net profit to Rs 2 crore for Q3 FY2025, revenue increased by 19% to Rs 623 crore.
• EBITDA for the December 2025 quarter rose 31.8% to Rs 58 crore, with operating margin improving to 9.3%.
• HSBC noted that business transformation is yielding results, with early signs of recovery in seed and export businesses, and expects agrochemical exports to recover.

Why It Matters: Rallis India's shares jumped significantly after HSBC upgraded its rating due to strong Q3 revenue and EBITDA growth.