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News Topical, Digital Desk : After two days of significant declines, the stock market is trading at a bullish pace on January 22nd. Amidst this ongoing market rally, shares of a Tata Group company have shown a significant gain. In fact, Rallis India shares have surged by more than 16% following its third-quarter results. This Tata Group company manufactures agrochemicals.
Shares of Rallis India opened at ₹246.75 on January 22 morning and hit an intraday high of ₹275.50. The company had reported its third quarter results on January 21.
Target price on Rallis India shares
Rallis India Limited's shares surged 16% following its third-quarter results and brokerage firm commentary. HSBC upgraded the stock following the company's Q3 earnings performance.
Brokerage firm HSBC has given a 'BUY' rating on Rallis India shares and raised its price target to ₹300 per share, which means it has the potential to rise by about 27% from the previous close.
Rallis India Share Performance
Rallis India shares have been declining for the past six months. The decline began in July-August 2025. At that time, Rallis India's share price was ₹385, and now it is ₹270. Rallis India shares have delivered a negative 25% return in six months, while they have gained 8% in the past year.
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