Rain Industries - An oversold de-leveraging play

One thing I would like to add is that as per investing.com charts: Aluminium Price - Investing.com India
aluminium prices seem to be near the bottom of the cycle. Although having said that no one can predict what will happen in the future (they could go lower of course).

Another good thread to track the aluminium industry and its intricacies is the nalco thread: NALCO - lowest cost producer of alumina and bauxite. the TL;DR (as per my understanding) seems to be that we are somewhat oversupplied and hence aluminium prices will remain soft unless china shuts down some of its smelters. Also, the demand from some sectors like Aviation, Automobiles would take a hit due to capex being cancelled / postponed by companies.

Adding this since the company’s output is directly used in aluminium industry and hence the health of the clients would impact Rain’s own health to some extent.

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