Rain industries @ PE of 5, with current PA, BUY

8 Ağu 2022

Rain industries, is valued at a PE of 5 at the current price. With heavy delivery volumes in the consolidation and highs being tested again and again, there is a big chance of uprise to 220 to 250 levels in the short term , BUY. Buying 200 AUG CE @ 4 rs and selling 210 AUG CE at 2 rs offers a good RR of 4 Rs. Good trade to take considering current bullish trend and declining crude and energy prices.