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Rallis India Ltd, a prominent player in the agrochemical sector of India, has an impressive legacy of over 150 years. As a member of the Tata Group—a renowned conglomerate—Rallis India specializes in a diverse array of products, including crop protection solutions, seeds, plant growth nutrients, and soil health management tools. With a firm commitment to enhancing agricultural productivity, Rallis India is dedicated to supporting farmers across the nation. The Rallis India Share Price on the National Stock Exchange (NSE) as of 17 October 2024 is ₹357.00 INR. This article aims to provide you with valuable insights and projections pertaining to the Rallis India Share Price Target for the years 2024 to 2030, along with a comprehensive overview of the company’s market dynamics, competitors, financial performance, and strategic growth indicators.
Rallis India Ltd: Market Overview
- Open Price: ₹363.50
- High Price: ₹374.80
- Low Price: ₹353.30
- Previous Close: ₹368.05
- Volume: 5,081,104 shares
- Value (Lacs): ₹18,088.73
- VWAP: ₹365.65
- Upper Circuit Limit: ₹441.65
- Lower Circuit Limit: ₹294.45
- P/E Ratio: 52.09
- Dividend Yield: 0.70%
- 52-week High: ₹378.70
- 52-week Low: ₹205.10
- Market Capitalization: ₹6.92K Crores
- Face Value: ₹1
Rallis India Ltd Competitors
Rallis India operates in a competitive agrochemical landscape. Here are five of its primary competitors along with their approximate market capitalizations:
| Company | Market Capitalization | Overview |
|---|---|---|
| UPL Ltd | ~$5.5 billion | A leader in agrochemicals, UPL provides crop protection products and sustainable agricultural solutions globally. |
| Bayer CropScience Ltd | ~$5.2 billion | A significant player in agrochemicals, focusing on crop protection and digital farming solutions. |
| PI Industries Ltd | ~$6.6 billion | Known for high-quality crop protection products and a focus on innovation. |
| Syngenta India Ltd | Not publicly listed | Offers a wide range of crop protection products and solutions with a strong presence in the market. |
| Sumitomo Chemical India Ltd | ~$2 billion | Specializes in crop protection chemicals aiming to improve agricultural productivity. |
Rallis India Share Price Chart
Rallis India Share Price Target: 2024 to 2030
| Target Year | Expected Share Price Target (INR) |
|---|---|
| 2024 | ₹480 |
| 2025 | ₹560 |
| 2026 | ₹645 |
| 2027 | ₹740 |
| 2028 | ₹850 |
| 2029 | ₹965 |
| 2030 | ₹1115 |
Rallis India Share Price Target 2024
The projected share price target for Rallis India in 2024 is ₹480. Key factors influencing this anticipated growth include:
- Agricultural Demand and Monsoon Patterns: The agrochemical demand correlates significantly with the agricultural sector’s health, reliant upon monsoon rainfall. Favorable monsoon conditions leading to increased crop yields could elevate demand for Rallis India’s offerings, positively impacting share prices.
- Product Innovation and Technology: An emphasis on research and development can lead to the successful introduction of new products, such as advanced crop protection chemicals and high-quality seeds. Enhanced market reach and profitability can stimulate share price growth for Rallis India.
- Supportive Government Policies: Favorable agricultural policies, including subsidies and initiatives promoting sustainable practices, can provide a conducive environment for Rallis India. Continued government support can enhance demand for their products, fostering growth and improving share prices.
Rallis India Share Price Target 2025
The anticipated share price target for Rallis India in 2025 is ₹560. Several factors may influence this progression:
- Expanding Product Portfolio: The ability to diversify and enhance product lines—particularly innovative agrochemicals, seeds, and bio-based solutions—will be critical for sustained growth and market traction.
- Global Market Expansion: Opportunities for growth exist within export markets where demand for agrochemicals is rising. Rallis India’s ability to strengthen its international presence may positively affect revenue and share price trajectory.
- Commitment to Sustainability: As environmental consciousness grows, Rallis India’s dedication to sustainable practices will be paramount. Offering eco-friendly products can attract sustainability-focused consumers, bolstering potential share price increases by 2025.
Rallis India Share Price Target 2030
The expected share price target for Rallis India in 2030 is ₹1115. Factors contributing to this long-term projection include:
- Technological Integration: The incorporation of cutting-edge agricultural technologies (precision farming, biotechnology) will significantly influence Rallis India’s growth, enhancing farm productivity and efficiencies.
- Climate Resilience Strategies: Rallis India must focus on delivering resilient solutions in response to climate challenges. This includes developing drought-resistant seeds and innovative, environmentally-friendly agrochemicals.
- Government Support and Trade Dynamics: Ongoing governmental backing for organic and sustainable farming, coupled with favorable trade conditions, will enhance Rallis India’s market position leading into 2030, driving revenue and supporting share price appreciation.