BUY : 210 - 215
SL : 192 (Trail SL based on Price Movement)
TARGET 1 ---- 230 ( 10% from Entry )
TARGET 2 ---- 252 ( 20% from Entry )
TRADING VIEW CHART LINK
ABOUT COMPANY
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.
PROS
Stock is trading at 1.12 times its book value
Company is expected to give good quarter
CONS
The company has delivered a poor sales growth of 9.43% over past five years.
Company has a low return on equity of 9.61% for last 3 years.
Company might be capitalizing the interest cost
Dividend payout has been low at 6.81% of profits over last 3 years
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