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Thursday, 4 May 2017

BIGGEST beneficiary of U.S. tax cut:

*Rain industries Limited*

With 7 plants spread across America contributing 4000+crores to topline and MAJOR portion of EBIDTA coming from USA operations,  Rain Industries will save heavily on Income Tax ( reduction from 35% to 15%).  Even if it takes few months for such proposal to be implemented, Rain will definitely avail of same as year ending (Dec17) is still far away

CY17 EPS set to be 19-21

TP Rs 200 in 12 months

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