A director at Rain Industries Ltd bought 400,000 shares at 103.907INR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
Rain Industries: Strong results, but CPC volumes disappoint; CT Pitch remains strong, while ACM is recovering; Maintain Buy (RINDL IN, Mkt Cap USD1.4b, CMP INR275, TP INR480, 26% Upside, Buy) RAIN's 1QCY18 EBITDA increased 50% YoY (-4% QoQ) to INR6.6b, but missed our estimate of INR7.7b due to a QoQ decline in CPC shipments, as against our expectation of growth. There has been regrouping of segments - some of the value-added products from CT Pitch and other carbon segments have been moved...
Rain Industries: Carbon prices and margins continue to improve; Interest and tax rate declining; Maintain Buy (RINDL IN, Mkt Cap USD2.0b, CMP INR381, TP INR480, 26% Upside, Buy) Rain Industries' (RAIN) 4QCY17 EBITDA increased 2% QoQ (+58% YoY) to INR6.9b. Prices increased across products, but carbon product dispatches were impacted by shipment delays toward the end of the quarter. Adj. PAT increased 37% QoQ to INR3.3b, led by a lower effective tax rate (~21% v/s ~40% in 3QCY17). Exceptional...
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