Rallis India Stock Surges 15% on Strong Q3 Results, HSBC Upgrade to 'Buy'

• Rallis India Ltd. shares surged nearly 15% intraday after strong Q3 results and an HSBC upgrade.
• HSBC upgraded Rallis India to 'Buy' with a price target of ₹300, indicating a 27% potential upside.
• Q3 net profit decreased by 81.8% YoY to ₹2 crore, but revenue increased by 19.3% to ₹623 crore.
• EBITDA grew by 31.8% to ₹58 crore, with operating margin improving from 8.4% to 9.3%.
• Future outlook projects recovery in agrochemicals export and seeds business, with international business outperforming domestic.

Why It Matters: Rallis India's stock rallied significantly due to better-than-expected Q3 performance and a positive brokerage outlook.