RAIN INDUSTRIES Plunges by 5%; BSE 500 Index Down 0.3%
May 31, 2019 12:24 PM

RAIN INDUSTRIES share price has plunged 5% and is presently trading at Rs 120.

Meanwhile, the BSE 500 Index is at 15,657 (down 0.3%).

Among the top losers in the BSE 500 Index today are RAIN INDUSTRIES (down 5.0%) and EIH (down 6.6%).

BERGER PAINTS (up 8.2%) and SHRIRAM TRANSPORT (up 5.0%) are among the top gainers today.

Over the last one year, RAIN INDUSTRIES has moved down from Rs 240 to Rs 120, registering a loss of Rs 120 (down 50.1%)..

The BSE 500 has moved up from 14,672 to 15,657, registering a gain of 985 points (up 6.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 151.1%), VINATI ORGANICS (up 121.2%) and BALRAMPUR CHINI (up 113.0%).

What About the Benchmark Indices?

The BSE Sensex is at 40,122 (down 0.3%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 2.6%). The most traded stocks in the BSE Sensex are COAL INDIA and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 12,039 (down 0.1%). TECH MAHINDRA (up 2.6%) and ASIAN PAINTS (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,906 to 40,122, registering a gain of 5,216 points (up 13.7%).

RAIN INDUSTRIES Financial Update...

RAIN INDUSTRIES net profit declined 172.4% YoY to Rs 932 million for the quarter ended March 2019, compared to a loss of Rs 1 billion a year ago. Net Sales declined 7.2% to Rs 32.0 billion during the period as against Rs 34.4 billion in January-March 2018.

For the year ended December 2018, RAIN INDUSTRIES reported 35.1% decrease in net profit to Rs 6.3 billion compared to net profit of Rs 9.7 billion during FY17.

Revenue of the company grew 22.7% to Rs 140 billion during FY18.

The current Price to earnings ratio of RAIN INDUSTRIES, based on rolling 12 month earnings, stands at 8.3x.