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Rain industries is supported by many Ace pickers and the results are due subsequent month. The peer Goa Carbon shouldn’t be into cement, but has concentrated enterprise in electrodes. they have posted good outcomes which is seen as an excellent parameter scale for rain , rain itself has carried out well last time and the outcomes were good. There’s additionally enhance of electrode costs worldwide on account of demand and Chinese shutting down their units on account of pollution points. Graphite electrode was a small sector however that was probably the most performing sector of last year (rain was 10 bagger goa carbon was 10 bagger, HEG,and others followed suite. ). Future growth is expected good and you may see Goa Carbon touching higher highs. Motilal Oswal has mounted target for Rain as 492. This 12 months, certain development will continue in my view, however i dont suppose will probably be a ten bagger like final 12 months (from forty four to 450 range).
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