Rain Industries is currently trading at Rs. 136.05, up by 9.55 points or 7.55% from its previous closing of Rs. 126.50 on the BSE.
The scrip opened at Rs. 129.90 and has touched a high and low of Rs. 137.30 and Rs. 129.90 respectively. So far 232245 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.20 on 08-Dec-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. 137.30 and Rs. 121.60 respectively. The current market cap of the company is Rs. 4443.13 crore.
The promoters holding in the company stood at 41.14%, while Institutions and Non-Institutions held 15.56% and 43.30% respectively.
Rain Industries’ wholly owned step down subsidiary -- Rain CII Carbon LLC has completed the sale of its Wholly Owned Subsidiaries namely ‘RUTGERS Polymers’, ‘Canada and Handy Chemicals’ (U.S.A.) for an aggregate cash consideration of Rs 63.74 crore.
As a part of its strategy to achieve sustainable growth, create value for all stakeholders and reduce debt, the Company has decided to divest the stake in these two non-strategic subsidiary companies, which are engaged in manufacturing and distribution of Polynaphthalene Sulfonates, under Product-Group Naphthalene Derivates, in Advanced Materials business segment.
The consideration received from the sale of above two subsidiaries will be utilized for repayment of debt and other general corporate needs of the Company.
Rain Industries is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. It is the largest producer of CPC with a production capacity of 2.49 million tonnes per annum (MTPA).
| Company Name | CMP |
|---|---|
| Rain Industries | 132.45 |
| Agarwal Indl. Corp | 466.25 |
| TN Petro Products | 91.81 |
| Supreme Petrochem | 773.30 |
| Nexxus Petro Inds | 95.50 |
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