Buy Rain Industries, target Rs 355: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Rain Industries Ltd. with a target price of Rs 355. The current market price of Rain Industries Ltd. is Rs 333.75 Time period given by analyst is Intra Day when Rain Industries Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 323
Rain Industries Ltd., incorporated in 1974, is a mid-cap company with a market cap of Rs 10668.88 crore. operating in Cement sector.

Rain Industries Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 38.42 Crore to Sales Value (64.44 % of Total Sales) and Carbon which contributed Rs 21.20 Crore to Sales Value (35.55 % of Total Sales)for the year ending 31-Dec-2017.


For the quarter ended 31-12-2017, the company has reported a Consolidated sales of Rs 3144.79 Crore, up 3.08 % from last quarter Sales of Rs 3050.81 Crore and up 33.20 % from last year same quarter Sales of Rs 2361.00 Crore Company has reported net profit after tax of Rs 317.50 Crore in latest quarter.

The company’s top management includes Mr.H L Zutshi, Mr.Jagan Mohan Reddy Nellore, Mr.N Radhakrishna Reddy, Mr.N Sujith Kumar Reddy, Mr.S L Rao, Mr.Varun Batra, Ms.Nirmala Reddy, Ms.Radhika Vijay Haribhakti. Company has B S R & Associates LLP as its auditoRs As on 31-03-2018, the company has a total of 336,345,679 shares outstanding.