The company made this announcement after market hours on Friday, 14 October 2011.

Meanwhile, the BSE Sensex was down 45.98 points, or 0.27% to 17,036.71.

On BSE, 1.91 lakh shares were traded in the counter as against average daily volume of 1.42 lakh shares over the past one quarter.

The stock hit a high of Rs 30.50 and a low of Rs 27.40 so far during the day. The stock had hit a 52-week high of Rs 40.40 on 8 November 2010. The stock had hit a 52-week low of Rs 25 on 12 October 2011.

The small-cap stock had underperformed the market over the past one month till 14 October 2011, falling 8.07% compared with the Sensex's 2.23% return. The scrip had also underperformed the market in past one quarter, falling 30.23% as against 8.25% decline in the Sensex.

The company has an equity capital of Rs 70.83 crore. Face value per share is Rs 2.

Rain Commodities' consolidated net profit surged 260.6% to Rs 164.45 crore on 70.2% rise in net sales to Rs 1373.95 crore in Q2 June 2011 over Q2 June 2010.

Rain Commodities and its wholly owned subsidiaries, Rain CII Carbon (India) and Rain CII Carbon LLC, USA are engaged in the production of cement, calcined petroleum coke (CPC) and power.