Bengaluru, July 16 -- The shares of this leading Tata Group-backed chemical company are in focus after leading brokerage Nuvama has flagged a downside potential of 43 percent, citing several risks. In this article, we will dive more into the details.

With a market capitalization of Rs 6,874 crores, the shares of Rallis India Ltd are currently trading at Rs 353 per share, very close to its 52-week high of Rs 385.75 per share. Over the past five years, the stock has delivered a return of 24 percent.

Nuvama Institutional Equities has maintained its Reduce rating on the stock, but has increased its price target to Rs 202 per share from Rs 182 per share. This signals that the stock can further decline by 43 percent from its current level.

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