Rain Industries

Rain Industries shares jumped 10.3 per cent after the company swung into profit from loss Y-o-Y

Rain Carbon and Northern Graphite Corporation will develop advanced battery anode material (BAM) used in lithium-Ion batteries for EVs.

Rain Industries reported a net loss of Rs 1,118.80 crore for the December quarter, while revenue from operations declined over 24% to Rs 4,101 crore.

After Rain Industries' arm closed its operating unit in Europe, the company plans to develop other energy-related plans for other European production units

Shares of Adani Power are likely to be in focus as the company received a favourable verdict from the Supreme Court against power discoms in Rajasthan.

Mehul Kothari of Anand Rathi is bullish on Rain Industries and Route Mobile.

Laurus Labs Ltd, Endurance Technologies Ltd may surge over 30 per cent whereas small cap stocks like Avanti Feeds Ltd, BASF India and Rain Industries could jump up to 40 per cent from current levels

IIFL Wealth Management is heading towards a new all time high, as per charts

Trading volumes on the counter jumped two-fold with a combined 15.6 million equity shares, representing 4.7 per cent of total equity of the company, changing hands on the NSE and BSE till 02:15 pm.

The Company has decided to divest the stake in these two non-strategic subsidiary companies, as a part of its strategy to achieve sustainable growth, create value for all stakeholders and reduce debt

The company's Ebitda margin expanded 780 basis points to 19.3 per cent from 11.5 per cent in the year-ago quarter.

The stock hit a new high of Rs 374, up 10%, extending its Wednesday's 6% surge on the BSE.