Buy Rain Industries Ltd. target Rs 142.0 : Mazhar Mohammad

Mazhar Mohammad of Chartviewindia.in has a buy call on Rain Industries Ltd. with a target price of Rs 142.0 .The current market price of Rain Industries Ltd. is 116.25 Time period given by analyst is Intra Day when Rain Industries Ltd. price can reach defined target. Mazhar Mohammad recommended to keep stop loss at Rs 110.0 .

Rain Industries Ltd., incorporated in the year 1974, is a midcap company with a market cap of ₹ 4034.47 crore operating in Cement sector.

Rain Industries Ltd. key Products/Revenue Segments include Green Petroleum Coke which contributed ₹ 28.57 Cr to Sales Value (63.71 % of Total Sales) and Other Services which contributed ₹ 16.27 Cr to Sales Value (36.28 % of Total Sales)for the year ending 31-Dec-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 2361.00 Cr., up 5.90% from last quarter Sales of ₹ 2229.53 Cr. and up .42% from last year same quarter Sales of ₹ 2351.14 Cr. Company has reported net profit after tax of ₹ 20.77 Cr. in latest quarter. The company’s CEO is Mr.N Jagan Mohan Reddy. It's Board of Directors include Mr.N Jagan Mohan Reddy, Mr.N Radhakrishna Reddy, Mr.N Sujith Kumar Reddy, Mr.S L Rao, Mr.S Venkat Ramana Reddy, Mr.S Venkat Ramana Reddy, Mr.T Srinivasa Rao, Ms.Nirmala Reddy, Ms.Radhika Vijay Haribhakti, Mr.Dipankar Basu, Mr.H L Zutshi, Mr.Krishnan Narayanan. Company has its registered office at "Rain Center",, 34, Srinagar Colony, Hyderabad, 500073, Andhra Pradesh. Company has B S R & Associates LLP as its auditors. As on 31-03-2017, the company has a total of 336,345,679 shares outstanding.