Rain Q1 lower than mkt expectations, but due to one off expense.
CPC prices are firm. USA booking for quarter and 6 month. Full impact from Q3 onwards. Domestic order short term, same reflecting in inreased margins
I feel that next year, cpc will become seller mkt. Genuine Investors should ignore short term hiccups. I feel promoter has created long term sustainable business and very few promoters in India as visionary, as honest, as efficient as Rain promoters. He has chalked out such road map for next 2 years that barring unforeseen circumstances, Rain can be 400-500 in less than 3 years.
Rain can be *Asian Paints* of CPC/CTP industry in the world