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Rain Industries is currently trading at Rs. 179.70, up by 14.05 points or 8.48% from its previous closing of Rs. 165.65 on the BSE.

The scrip opened at Rs. 170.60 and has touched a high and low of Rs. 180.75 and Rs. 170.60 respectively. So far 263684 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.65 on 19-Feb-2024 and a 52 week low of Rs. 130.20 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 180.75 and Rs. 158.20 respectively. The current market cap of the company is Rs. 5943.23 crore.

The promoters holding in the company stood at 41.14%, while Institutions and Non-Institutions held 13.34% and 45.51% respectively.

Rain Industries’ Wholly Owned Subsidiary -- Rain Carbon Inc. and Northern Graphite Corporation have entered into a Joint Development Agreement (JDA) to develop and commercialize advanced battery anode material (BAM) used in lithium-Ion batteries for electric vehicles.

Under the terms of the JDA, Northern and Rain Carbon will jointly develop and commercialize natural graphite BAM products designed to extend cycle life, enhance charging speed and reduce electrode swelling in lithium-ion battery cells. This innovation addresses the stability gap between natural and synthetic graphite, enabling increased use of natural graphite in Electric Vehicle (EV) battery cells. 

The JDA follows the launch of Northern’s Battery Materials Group (NGCBM) in February and RAIN’s announcement of its new Technology Innovation Center for Energy Storage Materials (Innovation Center) in August. NGCBM included the acquisition of a fully equipped, state-of-the-art carbon and battery laboratory in Frankfurt, Germany capable of both producing BAM derived from the Northern’s Lac-des-IIes graphite mine in Canada and of building lithium-ion batteries according to the specifications of automakers seeking critical characteristics, ranging from cycle life and driving range to charging speed. 

Rain Industries is a global manufacturer of a diverse portfolio of products that are critical raw materials for a variety of industries.