Make profit from Rain Calcining, as it is a brilliant stock for intraday dealings.

It will surely make decent gains today even though the rest of the market will fall. Grab with both hands as much of Rain Calcining stock as you can.

The CMP is Rs 57.90, and the intraday target is between Rs 62 to Rs 66, with a stop loss at Rs 57.

Yesterday, the shares gained 8.63%, to settle at Rs 57.9. The total volume of shares traded was 1,956,757 at the BSE.

The company’s board at its meeting held on yesterday (22 Nov), took on record the order dated Oct. 25, 2007 of the high court of Andhra Pradesh approving the merger of the company with Rain Commodities with effect from Apr. 1, 2007; transfer of cement business from Rain Industries to Rain Commodities with effect from Jul. 1, 2006.

Further the directors have also sanctioned the transfer of calcined petroleum coke (CPC) and power business from Rain Commodities to Rain Industries with effect from Apr. 1, 2007.