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Rain industries is supported by many Ace pickers and the outcomes are due next month. The peer Goa Carbon isn’t into cement, but has concentrated enterprise in electrodes. they have posted good outcomes which is seen as a good parameter scale for rain , rain itself has performed effectively last time and the outcomes had been good. There’s also increase of electrode prices worldwide resulting from demand and Chinese shutting down their units as a consequence bid for papers of pollution points. Graphite electrode was a small sector however that was probably the most performing sector of final yr (rain was 10 bagger goa carbon was 10 bagger, HEG,and others adopted suite. ). Future development is expected good and you’ll see Goa Carbon touching larger highs. Motilal Oswal has fixed goal for Rain as 492. This year, sure progress will proceed in my view, however i dont suppose will probably be a 10 bagger like last year (from forty four to 450 range).
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