Rain Commodities hits 52-week high

Rain Commodities jumped 6.42% to Rs 50.55 at 11:09 IST on BSE after a block deal of 16.52 lakh shares was executed on BSE at Rs 50 per share at 10:43 IST.

The block deal constitutes 0.48% of Rain Commodities' equity.

Meanwhile, the S&P BSE Sensex was up 81.98 points or 0.45% at 18,496.43.

On BSE, 17.20 lakh shares were traded in the counter as against average daily volume of 82,098 shares in the past one quarter.

The stock hit a high of Rs 51.40 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 47.40 so far during the day. The stock had hit a 52-week low of Rs 31.30 on 27 July 2012.

The stock had outperformed the market over the past one month till 10 April 2013, surging 19.8% compared with the Sensex's 6.45% fall. The scrip had also outperformed the market in past one quarter, jumping 25% as against Sensex's 6.35% fall.

The small-cap company has equity capital of Rs 68.32 crore. Face value per share is Rs 2.

Rain Commodities' consolidated net profit fell 96.5% to Rs 6.26 crore on 21.1% decline in net sales to Rs 1262.37 crore in Q4 December 2012 over Q4 December 2011.

Rain Commodities and its wholly owned subsidiaries, Rain CII Carbon (India) and Rain CII Carbon LLC, USA are engaged in the production of cement, calcined petroleum coke (CPC) and power.

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