Rain Industries lost 3.15% to Rs 135.40 at 11:07 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 83 points, or 0.27% at 31,341.85. The S&P BSE Mid-Cap index was down 17.76 points, or 0.12% at 14,969.75.
On the BSE, 2.81 lakh shares were traded on the counter so far as against the average daily volumes of 3.35 lakh shares in the past one quarter. The stock had hit a high of Rs 142.80 and a low of Rs 132.90 so far during the day. The stock had hit a record high of Rs 147.90 on 21 August 2017 and a 52-week low of Rs 40.20 on 19 August 2016.
The stock had outperformed the market over the past one month till 21 August 2017, advancing 8.41% compared with the Sensex's 2.4% fall. The scrip had also outperformed the market over the past one quarter gaining 35.07% as against the Sensex's 2.61% rise. The scrip had also outperformed the market over the past one year advancing 239.32% as against the Sensex's 11.33% rise.
The mid-cap company has equity capital of Rs 67.27 crore. Face value per share is Rs 2.
Shares Rain Industries had rallied 24.82% in the preceding six trading sessions to settle at Rs 139.80 yesterday, 21 August 2017, from its close of Rs 112 on 10 August 2017.
Rain Industries' consolidated net profit rose 12.5% to Rs 151.31 crore on 5.2% increase in net sales to Rs 2637.12 crore in Q2 June 2017 over Q2 June 2016.
More From This Section
Rain Industries is engaged in the business of manufacture and sale of carbon products, chemicals and cement.
Powered by Capital Market - Live News