A reduction of duties on key chemicals to help soften raw material inflation
Rain Industries' capex run rate dropped in Q1 CY21 versus the average quarterly spend in CY20. This helps in better free cash flow and facilitates debt reduction
We have turned cautious on the stock and wait for management commentary and future action.
Rain is a global player in its segment, supplying to some of the world's biggest aluminium producers like Rio Tinto and the US-based Alcoa.
Post recent raw material mobilization, company’s operations are in full swing. Company is sitting on sale order of 50,000 tonne and hopeful of capacity utilization of 96 percent in Q4. End market demand, particularly in aluminum industry (80 percent of sales) remains intact.
We expect growth in CY19 to be led by volume improvement in carbon segment and pricing gains in the advance material segment
Growth in aluminium production in the US (restarts) and Asia remains the key demand driver
While markets continue to analyze the impact of the macros, it is time to deep dive into fundamentally strong ideas that should be gradually accumulated in this weak phase with an eye on long-term returns.
Motilal Oswal is bullish on Rain Industries has recommended Buy rating on the stock with a target price of Rs 480 in its research report dated March 01, 2018.
After the earnings for the September 17 quarter, the portfolio deserves a review. We are happy to report an outperformance of 8.9 percentage points over the benchmark in little over a month.
Motilal Oswal is bullish on Rain Industries has recommended Buy rating on the stock with a target price of Rs 362 in its research report dated November 01, 2017.
Current pricing realization can sustain in medium term on account of structural supply curtailments. This also provides positive takeaways for Himadri Speciality Chemicals.
IDBI Capital is bullish on Rain Industries has recommended buy rating on the stock with a target price of Rs 144 in its research report dated 12 August 2017.
Motilal Oswal is bullish on Rain Commodities and has recommended buy rating on the stock with a target price of Rs 76 in its research report dated March 11, 2013.
SPA Research is bullish on Rain Commodities (RCL) and has recommended buy rating on the stock with a target of Rs 71 in its August 14, 2012 research report.
SPA Research is bullish on Rain Commodities and has recommended buy rating on the stock with a target of Rs 71 in its April 27, 2012 research report.
SPA Research is bullish on Rain Commodities (RCL) and has recommended buy rating on the stock with a target of Rs 71 in its February 23, 2012 research report.
Motilal Oswal is bullish on Rain Commodities and has recommended buy rating on the stock with a target price of Rs 75 in its February 22, 2012 research report.