RAIN INDUSTRIES Plunges by 6%; BSE 500 Index Down 3.6%
March 9, 2020 10:01 AM

RAIN INDUSTRIES share price has plunged 6% and is presently trading at Rs 90.

Meanwhile, the BSE 500 Index is at 14,159 (down 3.6%).

Among the top losers in the BSE 500 Index today are RAIN INDUSTRIES (down 5.6%) and SCHAEFFLER INDIA LTD (down 5.5%).

YES BANK (up 12.0%) and SHIPPING CORP. (up 9.0%) are among the top gainers today.

Over the last one year, RAIN INDUSTRIES has moved down from Rs 106 to Rs 90, registering a loss of Rs 16 (down 14.8%)..

The BSE 500 has moved down from 14,618 to 14,159, loss of 459 points (down 3.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 288.0%), NAVIN FLUORINE (up 122.1%) and GUJARAT GAS (up 116.3%).

What About the Benchmark Indices?

The BSE Sensex is at 36,950 (down 3.9%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 0.3%). The most traded stocks in the BSE Sensex are ASIAN PAINTS.

In the meantime, NSE Nifty is at 10,752 (down 3.8%). YES BANK (up 10.8%) and BPCL (up 7.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,636 to 36,950, registering a gain of 314 points (up -1.5%).

RAIN INDUSTRIES Financial Update...

RAIN INDUSTRIES net profit declined 194.5% YoY to Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 1 billion a year ago. Net Sales declined 17.8% to Rs 28.3 billion during the period as against Rs 34.4 billion in October-December 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 6.2x.