Rain Industries Ltd. Latest Shareholding Pattern (2024)

FAQs

Is it good to buy Rain Industries shares? ›

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rain Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Check from the official website of a stock exchange

Individuals can also access the shareholding pattern document of a company through the concerned stock exchange it is listed with, like BSE or NSE. To do so, they need to visit the exchange's website and enter the company's name.

The third thing to keep in mind about shareholding patterns before buying stock is that a stable or increasing institutional shareholder pattern is a good sign.

Shares of Rain Industries Ltd fell over 11% in early trade on Monday after the chemical industry firm reported a consolidated net loss of Rs 1118.75 crore in the quarter ended December 2023 as against net profit of Rs 89.52 crore during the previous quarter ended December 2022.

RAIN remains optimistic about the future and is taking proactive steps to improve the performance. While the current landscape continues to pose challenges, we continue to actively pursue strategies in all parts of our Company to ensure a brighter future for RAIN.

RAIN's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation. The intrinsic value of one RAIN stock under the Base Case scenario is 358.37 INR. Compared to the current market price of 172.4 INR, Rain Industries Ltd is Undervalued by 52%.

The shareholding screener, also called the shareholding pattern screener, presents the percentage of shares held by various financial entities, such as promoters, institutional investors, foreign institutional investors, non-institutional investors, and retail investors.

Companies without promoters are known as Professionally Managed Companies, where professionals, instead of a single owner, manage the business. These companies benefit from having a decision-making process that isn't controlled by just one person.

When a company has a high promoter holding (more than 50%), it generally portrays a positive image of the prospects of the company. This is considered a positive signal for investors, both existing and future.

Here 'public' is defined as non-promoter shareholders. Where promoters are holding more than 75%, they have to mandatorily divest additional shares to the public to comply with the MPS rule. This MPS rule was first implemented after the amendment to the Securities Contracts Regulation Rules by SEBI in 2010.

What is the 90% rule in stocks? ›

The Rule of 90 is a grim statistic that serves as a sobering reminder of the difficulty of trading. According to this rule, 90% of novice traders will experience significant losses within their first 90 days of trading, ultimately wiping out 90% of their initial capital.

According to IBD founder William O'Neil's rule in "How to Make Money in Stocks," you should sell a stock when you are down 7% or 8% from your purchase price, no exceptions.

Price/Sales Ratio Analysis

Rain Industries' price-to-sales (P/S) ratio of 0.3x appears relatively low compared to other companies in Indian Chemicals industry, where P/S ratios above 1.5x are common. Low P/S ratio may signal potential undervaluation, attracting investors seeking stocks with favorable valuation metrics.

As per technical data, the minimum share price target in 2024 for RAIN is expected to be ₹194.89 and the maximum price target for 2024 will be ₹260.56.

The company was formerly known as Rain Commodities Limited and changed its name to Rain Industries Limited in July 2013.

Rain Industries Intraday Analysis

Stock shows bullish momentum as indicated by VWAP above previous close & rising moving averages. High trading volume suggests strong investor interest.

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He invested in Rain industries back in 2015. Pabrai was first attracted to Rain Industries because the stock was cheap. He later declared that it was trading at a price to earnings (PE) multiple of 1, putting it in that rare bucket of super cheap value stocks.