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Shares of Rain Industries tumbled over 8 per cent to Rs 184 per share in Friday’s intra-day trade after the company's wholly-owned subsidiary - Rain Carbon - announced temporary closure of its European unit.
At 11:50 AM, shares of Rain Industries traded at Rs 188 per share, down 7 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.3 per cent at 59,907 levels. The stock hit a 52-week high of Rs 259 apiece on 5 October, 2021, and a 52-week low of Rs 128 apiece on 20 June, 2022.
After Rain Industries' arm closed its
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