Update on Rain Industries Ltd

In last 2 weeks, stock is in range of 103-110. Although DoW had expected stock to cross 120.

Reason: Biggest global FII ( bought at one-third  of cmp) has been selling every week. This FII is unaware of developments taking place in Rain and not aware that Q1CY17 PAT will be lifetime high and CY17 NP will be mind blowing.
It is providing golden opportunity big HNIs who continue to accumulate Rain.
We reiterate that when Q1 results are out on 5th May, stock can be 140-150 very easily in few days. So spectacular will be Q1 NP