Rallis India Limited- watch

Rallis India Limited, a Tata group company and a leading agrochemicals player in India, announced excellent financial performance for the year ended 31st March 2008.
Rallis has emerged as one of the leaders in the Indian Agrochemicals Industry. major business in three segments 1 Pesticides 2 seeds 3 Fertilizers

The Board has recommended payment of dividend of 7.5% to preference
shareholders and a dividend of 160 % to the equity shareholders.

Its recently launched brand Applaud has performed extremely well in the rice areas across the country and has become the number one choice of rice growers for control of Brown Plant Hoppers. The company launched four new products in the Indian market during the year namely Takumi, Sedna, Royal and Ishaan. It has obtained more than 20 new registrations in different countries across the globe. The company also obtained a joint registration for one of its key product in the US market during the year.

Currently quoted at Rs.460, Rallis is a very good stock, stay invested. One can also invest for long term on declines.

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