Rain Industries Ltd

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• Rain Industries is one of the world’s largest calcined petroleum coke and coal tar pitch producers. The company produces a number of other specialty chemicals and high-quality basic chemicals as well. The company has its registered office in Hyderabad and operates in three key business verticals—carbon, cement, and chemicals. It is the largest distiller of coal tar in the world. The company’s subsidiaries include Rain Carbon Limited and Rain Cements Limited.

  On 21 January 2023, the market capitalisation of the company was Rs 5,830.56 crore. It reported a total revenue of Rs 10.49 crore at the end of the second quarter of the financial year 2022-2023. The company is listed on the Bombay Stock Exchange with the code 500339 and the National Stock Exchange under the code RAIN.  

  Rain Industries has a diversified shareholding pattern, with promoters holding approximately 41.14% of the company. The public has a stake of 39.37% in the company. FIIs hold a stake of 17.71% in the company, while DIIs hold a stake of 1.75%. The shareholding pattern of the company has remained largely stable over the past year.

  Brian Jude McNamara is the current chairman of the company. Other directors of the company include Jagan Mohan Reddy Nellore, N Radhakrishna Reddy, N Sujith Kumar Reddy, Nirmala Reddy, Radhika Vijay Haribhakti, Robert Thomas Tonti, and Varun Batra. The chief financial officer of Rain Industries is T Srinivasa Rao. The company’s auditors are B S R & Co. LLP. 

  On 21 January 2023, Rain Industries’ share price was Rs 173.95 on the BSE and Rs 173.45 on the NSE. The company’s 52-week-high was Rs 241.70, while the 52-week-low was Rs 128.60. Its three-month return to investors was 3.85%, while its one-year return was -25.3%.

  On November 2022, Kotak Equity Arbitrage Direct-G invested Rs 26.3 crore in the company, while Nippon India Arbitrage Direct-G and Tata Arbitrage Fund Direct-G invested Rs 13.6 and Rs 9.11 crore, respectively.

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