In April 2022, this Rakesh Jhunjhunwala stock had shown some upside movement but after the weak Q4FY22 results, Rallis India shares have been continuously nosediving. Post-Covid outbreak, Rallis India has been facing supply-chain challenge that is not allowing the company to report strong quarterly numbers. While reporting its Q4 earning, Rallis India management re-iterated that the challenge had continued in Q4 and rest of the damage was done by rising inflation, putting further pressure on company's margins.
However, Rallis India management expected improved earning in upcoming quarters on normal monsoon prediction and robust commodity prices in domestic and global merchandise.
Rakesh Jhunjhunwala shareholding in Rallis India
According to Rallis India shareholding pattern for January to March 2022 quarter, Big Bull and his wife Rekha Jhunjhunwala have shareholding in the company. Rakesh Jhunjhunwala holds 1,38,85,570 shares or 7.14 per cent stake whereas his wife Rekha Jhunjhunwala holds 51,82,750 or 2.67 per cent stake in the company.
