ANOTHER BIG PUSH:RAIN INDUSTRIES LTD

Rain Industries Ltd will be big big beneficiary of U.S.  corporate tax rate cut. Rain should derive  4000+ Cr Topline from its U.S. operations in CY18 and *with lower tax rate, Rain's PAT can jump by 140-160cr*

*200 Cr Interest Cost Savings*:Rain industries

Rain Industries has done restructuring of its high cost bonds worth  390 million Euro and 150 million Dollars.

_As against present coupon rate of 8.50% ( being retired premature), new bonds will carry coupon rate of only 3%_

*THUS RAIN WILL SAVE 5.50% ON 3700 CR DEBT WHICH TRANSLATES INTO ANNUAL SAVINGS OF AROUND 200CR FROM CY18 ONWARDS*
This savings of 200 Cr will add directly to PBT

Rain should  declare _lifetime high profit for Dec quarter_

TP Rs 475-500 Feb2018
TP Rs 650-700 in 1 year

*ABOVE 2 EVENTS ALONE SHOULD ADD Rs 8 TO ITS CY18 EPS*