Meanwhile, the S&P BSE Sensex was up 87.25 points or 0.31% at 28,421.88.

On BSE, so far 1.65 lakh shares were traded in the counter as against average daily volume of 2.06 lakh shares in the past one quarter.

The stock hit a high of Rs 53.40 and a low of Rs 50.90 so far during the day. The stock had hit a 52-week high of Rs 60.30 on 16 September 2014. The stock had hit a 52-week low of Rs 30.60 on 7 May 2014.

The stock had underperformed the market over the past one month till 21 November 2014, surging 5.04% compared with the Sensex's 6.62% rise. The stock had, however, outperformed the market in past one quarter, jumping 9.28% as against Sensex's 7.49% rise.

The small-cap company has equity capital of Rs 67.27 crore. Face value per share is Rs 2.

Goldman Sachs Investments Mauritius bought 22.24 lakh equity shares of Rain Industries at Rs 49.97 per share in a bulk deal on NSE on Friday, 21 November 2014. Meanwhile, Eastspring Investments India Infrastructure Equity Open sold 19.91 lakh shares of the company at Rs 49.98 per share.

On consolidated basis, Rain Industries' net profit surged 32.5% to Rs 114.66 crore on 0.2% decline in net sales to Rs 2969.71 crore in Q3 September 2014 over Q3 September 2013.

Rain Industries, formerly known as Rain Commodities and its wholly owned subsidiaries, namely, Rain Cements, Rain CII Carbon (Vizag), Rain CII Carbon LLC, USA and Rütgers are engaged in the production of cement, calcined petroleum coke and power and high-quality basic and specialty chemicals.