Chennai-based investors are known to invest in undervalued stocks that, over time, deliver returns that exceed the key benchmark returns. On the other hand, the shares of Rain Industries are included in those stocks which have given alpha return to its shareholders, although it has not given the kind of return as most of the shares of Dolly Khanna gave last year. . On the other hand, Ventura Securities believes that Dolly Khanna’s portfolio stock may start giving huge returns to its shareholders now.
As per research report by Ventura Securities, the stock price of Rain Industries is nearing its 52-week high and it may break higher levels and Dolly Khanna’s Portfolio stock is going to be super positive with super trend around Rs 350. can reach higher levels.
Describing the technical chart pattern as positive, Ventura Securities says, “The stock price started declining from Rs 129 (January 2020) and hit a low of Rs 44.90 (March 2020). After that there was value buying and the stock has averaged out. Started trading up and made a high of around Rs 273 in Aug 2021.”
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Ventura Securities report said “Super trend of this stock of Dolly Khanna is in positive mode and the stock has never dipped below 52-week average after 20th August 2021. Recently the stock hit last 8 week high. gave a breakout above Rs.244.70 with positive volume and made a high of Rs.244.70.”
Ventura Securities’ research report for positional investors with regard to shares of Rain Industries said, “An investor can initiate buying in the range of Rs 222 to Rs 231 and will be in the range of Rs 215 and Rs 204 to Rs 209 per share.” Can buy more on dips. However, one should maintain stoploss at Rs.198 and make profit around Rs.350 when it comes to Rs.350.
As per the shareholding pattern of Rain Industries for the quarter December 2021, Dolly Khanna holds 38,63,925 shares of the company, which is 1.15 per cent of the total issued paid-up capital of the chemical company.
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