Micrcap that is actually having the potential of a midcap

10월 23일

Rain Industries RAIN has many verticals

The major are the foreign Carbon business, which recently entered into a JV with Northern Graphite for advanced materials.

Now, there is the local business that is CPC.

Then you have a cement business with 2 plants in various locations across AP and TG. They sell it across Kerala, TN, AP, Karnataka and TG.

The issue with this company has traditionally been Debt to Equity ratio and the long term borrowings.

Once that global business starts and the local cement action is just getting started as I see it. The future in the next 3 years looks fantastic.

Target: ₹400+
Time frame: 2-3 years