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Rain industries is supported by many Ace pickers and the outcomes are due next month. The peer Goa Carbon is just not into cement, but has concentrated business in electrodes. they have posted good results which is seen as an excellent parameter scale for rain , rain itself has carried out well final time and the outcomes have been good. There may be also enhance of electrode costs worldwide on account of demand and Chinese shutting down their models on account bid4paper of air pollution issues. Graphite electrode was a small sector but that was essentially the most performing sector of final year (rain was 10 bagger goa carbon was 10 bagger, HEG,and others adopted suite. ). Future growth is expected good and you may see Goa Carbon touching larger highs. Motilal Oswal has fastened goal for Rain as 492. This 12 months, positive growth will continue for my part, but i dont assume it will likely be a 10 bagger like final 12 months (from 44 to 450 range).
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