Rain Commodities shines on incorporating wholly owned subsidiary

11 Apr 2012

Rain Commodities is currently trading at Rs. 39.30, up by 0.15 points or 0.38% from its previous closing of Rs. 39.15 on the BSE.

The scrip opened at Rs. 38.85 and has touched a high and low of Rs. 39.50 and Rs. 38.85 respectively. So far 2756 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 42.00 on 29-Feb-2012 and a 52 week low of Rs. 25.00 on 12-Oct-2011.

Last one week high and low of the scrip stood at Rs. 41.50 and Rs. 38.85 respectively. The current market cap of the company is Rs. 1360.35 crore.

The promoters holding in the company stood at 43.66% while Institutions and Non-Institutions held 29.53% and 26.81% respectively. 

Rain Commodities has incorporated a wholly owned subsidiary namely ‘Rain Coke’. Rain Coke will carry on the business of manufacturing and sale of calcined petroleum coke and other carbon products.

Rain Commodities is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. The company is the largest producer of CPC with a production capacity of 2.49 million tonnes per annum (MTPA). Under the cement, the company has created brand namely Priya Cement.

Related Rain Industries Ltd. Links:

Rain Industries Share Price

175.70 -3.30 (-1.84%) May 12, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323