Rain Industries Stock Surges 17% Amid Strong Q1 Performance
This Dolly Khanna portfolio stock defies weak markets; jumps 17% on Q1 show
Business Standard
Image: Business Standard
Rain Industries, a petrochemicals company in India, saw its stock price increase by 17.64% to an intraday high of ₹169 following a strong Q1 FY26 report. Despite a broader market decline, the company reported a net profit of ₹158 crore, reversing a loss from the previous year.
- 01Rain Industries shares surged by 17.64% to reach an intraday high of ₹169.
- 02The company reported a net profit of ₹158 crore for Q1 FY26, compared to a net loss of ₹115 crore in the same quarter last year.
- 03Revenue from operations increased by 20% year-on-year to ₹4,521 crore.
- 04Total expenses rose by 13% year-on-year to ₹4,311 crore.
- 05Dolly Khanna holds a 1.05% stake in Rain Industries with 35,35,895 equity shares.
Advertisement
In-Article Ad
Shares of Rain Industries, a petrochemicals player in India, experienced a significant surge of 17.64% on May 11, 2026, reaching an intraday high of ₹169. This rise followed the company's announcement of strong financial results for the quarter ending March 31, 2026. Rain Industries reported a net profit of ₹158 crore, a notable improvement from a net loss of ₹115 crore in the same quarter of the previous year. Revenue from operations also saw a 20% year-on-year increase, amounting to ₹4,521 crore. However, total expenses increased by 13%, reaching ₹4,311 crore. Despite the broader market decline, where the BSE Sensex dropped by 1.22%, Rain Industries continued to attract strong buying interest, with its market capitalization standing at ₹5,601.84 crore. Dolly Khanna, a prominent investor, holds a 1.05% stake in the company.
Advertisement
In-Article Ad
The strong performance of Rain Industries may boost investor confidence in the petrochemicals sector, potentially leading to increased investments and job stability within the industry.
Advertisement
In-Article Ad
Reader Poll
Do you think Rain Industries will maintain its growth in the upcoming quarters?
Connecting to poll...
More about Rain Industries
Read the original article
Visit the source for the complete story.