👉Stock Name – RAIN INDS
👉CMP -378
👉Keep adding on all dips till 360/350/340
👉TARGET – 600/750+
👉 FRAME -12 to 18 mths.
*👉We had Recommended Rain Inds at 175.50 on our website on 1st oct 2017. stock has already given 125% Returns in just 2 months.*
👉Recently stock had corrected from 400 to 291 and bouncing back .
👉We still feel Stock has long way to go.
👉Company has Strong demand of CPC,CPT & GPC
7 cpc plants with capacity of 2.01 mt PA
Out of which 4 plants are Environment friendly.
3 Plants are equipped with flue Gas Desulphurization.
👉Bussiness spread in Cannada, Germany, Poland, USA , Belgium & India.
👉Leader in manufacturing of CTP(coal Tar Pitch) & Carbon products
👉Govt focusing on Infra sector,Rain has 2 Cement plant in Andhra Pradesh & Telangana & it Sell under brand name of Priya Cement .It has capacity of 3.5 Million Tons PA.
👉It also has speciality chemicals like Super Plasticizer ,Aromatic Chemical ,Modifiers & Resin in its portfolio.
👉Tar Distillation Project Operation to start from Q4 Of 2018.
👉Also CPC expansion project is in pipeline & is expected to start mostly in 2019.
👉We feel Rain should Report very good sets of numbers for nxt few Qtrs
WealthCreatures 