As of February 20, 2024, Rain Industries’ (RAIN) share price was Rs.217.95. Over the past year, RAIN’s share price has increased by 28.51%, and over the past six months, it has increased by 40.43%.
RAIN’s Piotroski F-Score ratio is 3.00, which is lower than the average Piotroski F-Score of 6.40 over the past five years.
RAIN’s other financial ratios include:
- PE ratio: 22.49
- Earning per share: 8.04
- Price/sales ratio: 0.27
- Price to book ratio: 0.68
RAIN produces carbon, cement, and chemical products. It has a production capacity of 2.4 million tons per year of calcined petroleum coke and a total distillation capacity of 1.5 million tons per year.“An oversold de-leveraging play” typically refers to a situation in the financial markets where an asset or security has experienced significant selling pressure, driving its price below what might be considered its intrinsic value. “Oversold” suggests that the asset’s price has fallen too far and too fast, potentially creating an opportunity for investors to buy at a bargain. “De-leveraging” refers to the process of reducing debt or leverage, which may be happening in response to market conditions or specific events affecting the asset.
In essence, an “oversold de-leveraging play” implies that investors may see an opportunity to capitalize on the asset’s oversold condition, betting that it will eventually rebound as the selling pressure subsides and the market adjusts. This strategy often involves buying the asset at a discounted price with the expectation of profiting from its eventual recovery. However, it’s important to note that investing in oversold assets carries risks, as there’s no guarantee that the asset will recover or that the selling pressure won’t continue.
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