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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.
Technical View: These stock had a recent breakout and tested successfully
breakout , RSI is in overbought zone may possible stock may consolidate between
244 to 250 level and MACD crossover indicating positive trend, despite this
Structure look positive and we may see positive movement going forward.
Volume analysis: – 1 Day Delivery volume increased by 47.47% over 5 day average,
However; 1 Month: Delivery volume increase by 26.06%, Hence; We recommend
BUY signal for this share range between 244-250 level , Target 259, Target 267,
Stop loss can be kept 239.
Moving Averages: – Rain Industries Ltd. is trading higher than 5 day, 20 day,
50 day, 100 day and 200 day moving averages
5 Day 242.09 50 Day 216.61 200 Day 209.57
20 Day 223.94 100 Day 224.02
Date:17/01/22
Shareholding pattern:-
Promoters holding 41.14%, The Promoter holdings have decreased by -0.69%. No
change in Promoter holdings. No change in Promoter pledged shares
KEY RATIO:-
P/E Ratio
12.72
1-Yr Return
75.00
(Best) P/E Ratio
0.00
30 DA Vol (m)
0.32
(Best) PEG Ratio
0.00
EPS (Rs.)
16.60
Shares Outstanding (cr)
336.35
Best EPS Curr (Rs.)
0.00
Price/Book Ratio
1.28
Dividend
0.47
Price/Sales Ratio
0.68
Last Dividend
0.00