Rain Industries falls on reporting 77% fall in Q2 consolidated net profit

31 Jul 2020 Evaluate

Rain Industries is currently trading at Rs. 91.95, down by 3.55 points or 3.72% from its previous closing of Rs. 95.50 on the BSE.

The scrip opened at Rs. 92.05 and has touched a high and low of Rs. 93.10 and Rs. 90.20 respectively. So far 285980 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 128.90 on 16-Jan-2020 and a 52 week low of Rs. 44.90 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 100.15 and Rs. 90.20 respectively. The current market cap of the company is Rs. 3070.84 crore.

The promoters holding in the company stood at 41.14%, while Institutions and Non-Institutions held 14.75% and 44.10% respectively.

Rain Industries has reported net loss of Rs 0.37 crore for the quarter ended June 30, 2020 as against net profit of Rs 2.77 crore for the same quarter in the previous year. Total income of the company decreased 21.19% at Rs 12.98 crore for June quarter as compared Rs 16.47 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 76.55% fall in its net profit of Rs 34.41 crore for the quarter ended June 30, 2020 as against Rs 146.76 crore for the same quarter in the previous year. Total income of the company decreased by 29.19% at Rs 2387.39 crore for June quarter as compared Rs 3371.37 crore for the corresponding quarter previous year.

Rain Industries Share Price

150.60 -2.10 (-1.38%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Rain Industries 150.60
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