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Rain industries is supported by many Ace pickers and the outcomes are due subsequent month. The peer Goa Carbon isn’t into cement, but has concentrated business in electrodes. they’ve posted good outcomes which is seen as a very good parameter scale for rain , rain itself has performed nicely final time and the results have been good. There’s also improve of electrode prices worldwide on account of demand and Chinese language shutting down their units as a consequence of air pollution issues. Graphite electrode was a small sector but that was the most performing sector of final yr (rain was 10 bagger goa carbon was 10 bagger, HEG,and others adopted suite. ). Future development is predicted good and you may see Goa Carbon touching greater highs. Motilal Oswal has fastened goal for Rain as 492. This 12 months, sure growth will continue in my opinion, however i dont suppose it will likely be a 10 bagger like final 12 months (from 44 to 450 range).
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