Espresso shot of the day – Rain Industries Ltd up by 9.35 percent

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Espresso shot of the day – Rain Industries Ltd up by 9.35 percent

June 15, 2021
Espresso shot of the day – Rain Industries Ltd up by 9.35 percent

RAIN INDUSTRIES LTD 199.40 (+ 9.35%) BSE – INE855B01025 | 15TH JUNE 2021

Rain Industries Limited (RAIN) is a leading vertically integrated producer of carbon, cement and Advanced materials products. Headquartered in India, RAIN has manufacturing facilities in eight countries across three continents. RAIN’s subsidiary companies – Rain Carbon Inc. (RCI) and Rain Cements Limited (RCL) – are industry leaders in their respective sectors.RCI is a global leader and innovator in the production of crucial raw materials for the production of primary aluminum (including calcined petroleum coke (CPC) and coal tar pitch (CTP)), graphite, carbon black, refractory, titanium dioxide and a host of other products. RCL is one of the leading manufacturers of cement in South India. The company mainly produces high-quality ordinary Portland cement (OPC) and Portland pozzolana cement (PPC), which are marketed under the brand name “Priya Cement”.

Recent Drivers

  • On June 15, 2021, Avinash Gorakshkar, Head of Research at Profitmart securities said, "Rain Industries Limited share price rally can be attributed to the rise in demand for its globally acclaimed product CPC (Calcined Petroleum Coke) in the international metal market. The company gets near 50 per cent of its business from the CPC business. So, this could be the reason for rise in Rain Industries Limited stock price in the recent trade sessions as market is expecting strong quarterly numbers from the company next month."
  • On April 29, 2021, Rain Industries Limited reported quarterly net profit at Rs 206.26 crores in March 2021 up 93.63% from Rs 106.52 crores in March 2020.
  • On April 29, 2021, Rain Industries Limited reported net sales at Rs 3,007.74 crores in March 2021 up 3.8% from Rs 2,897.65 crores in March 2020.
  • On April 6, 2021, Rain Industries incorporated a wholly owned subsidiary namely, Rain Verticals.

(Sources: Moneycontrol, Business Standards, Livemint)

Technical Force*

  • S&P BSE 500 month till date gain up by 2.93%
  • Traded on new 52-week-high value of 202.80
  • Spurts in volume by more than 5.06 times,3 months avg. volume of BSE: 4,73,119
  • Quantity traded: 22,63,370 | Deliverable quantity: 8,89,686 (39.31%)
  • Stock price has jumped more than 175 % from one year low level: 72.75 (June 16, 2021)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 202.80 | 52-week-low: 72.55

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

261.47

201.83

164.17

104.53

66.87

7.23

-

-

Fibonacci Pivot

201.83

164.66

141.70

126.91

104.53

82.15

67.36

44.40

7.23


Today’s Close

199.40

SMA

BSE

10 DAY

183.11

20 DAY

180.08

50 DAY

173.97

200 DAY

137.01

Some Key Ratios (Source: BSE)

Market Cap: 6,706.73 crores

PE: 233.18

OPM%: -0.60

ROE%: 3.16

Promoters holding%: 41.14

Prev. Close: 182.35

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.