Swing Trading Stocks India- Rain Industries Ltd

About Rain Industries Ltd.:

Rain Industries Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 8,536.45 Crore) operating in Chemicals sector. Rain Industries Ltd. key Products/Revenue Segments include Sale of services and Carbon for the year ending 31-Dec-2020.

Overview:

1) Materials: Metals

2) Mid Cap: Having a market cap of Rs 8,536.45 Crore

3) Risk: Moderate Risk (Volatility 2.94x)

4) 52 Weeks: High- 255.75, Low- 89.40 & Current Price-253.80

 

Fundamental Analysis:

For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 3,050.42 Crore, up .20 % from last quarter Total Income of Rs 3,044.48 Crore and up 4.80 % from last year same quarter Total Income of Rs 2,910.58 Crore. Company has reported net profit after tax of Rs 231.13 Crore in latest quarter.

Deliveries: Last trading day stock delivery percentage 21.49%

Overview:

1) P/E Ratio: 12.98

2) EPS- TTM : 19.56

3) PB Ratio: 1.47

4) Returns: 1 week 9.02%, 1 month 33.33%, 3 month 45.99% and 1 year 157.01% 

5) Shareholding Pattern:

• Promoters 41.14   Pledge 0
  
• FII: 10.61
• DII: 0.09 Mutual Fund: 0.04
• Others: 48.16
  

 

Technical Analysis:

Moving average: Rain Industries Ltd. stock currently trading at Rs. 253.80 which is above of 50, 100 & 200 days moving average

Moving average crossover: 

Short term: 5 & 20 DMA crossover-bullish

Medium term: 20 & 50 DMA crossover- bullish

Long term: 50 & 200 DMA crossover- bullish

 

Indicators:

RSI (14): RSI is bullish i.e.79.29

MACD (12,26,9): MACD is bullish

 

SWOT analysis:

Strength: 

1) Company with high TTM EPS Growth

2) New 52 Week High

3) Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

4) Increasing Revenue every quarter for the past 3 quarters

Weaknesses:

1) MFs decreased their shareholding last quarter

2) Decline in Net Profit with falling Profit Margin (QoQ)

Opportunities:

1) Stocks with upcoming results which are seeing positive shifts in share price

2) Highest Recovery from 52 Week Low

Threats:

No threats

Entry Point: Enter above Rs. 256

Short term target: The short term (7 days to one month) Rain Industries Ltd. share:

Target 1: Rs.260

Target 2: Rs. 270

Target 3: Rs. 280

Stop loss:

Stop Loss : Rs.250

Rain Industries Ltd. (1 Day Chart)

 

About The Post 

Through this article, I shared with you some information about Rain Industries Ltd. If you like this article then share with your friends so that they can plan trading or long term investment from today. Apart from this if you have any problem or suggestion or feedback, then email me. I will try to help you.

Disclaimer

Stock Analysis by Ibrahim Ansari

Source: Moneycontrol, ETmarkets, NSE