Why RAIN crashed almost 17% today?

What is the reason that RAIN crashed almost 17% today? It was trading range bound for so many days. What happened today for this steep fall?

May be Dolly Khanna was feeling bearish :stuck_out_tongue: and she dumped her holdings

May be cos of summer

I don’t track this stock much may be the quarterly earnings had something to do with the fall. The stock has run up 9 times within last 1 year so at some point, the earning’s can’t keep up with the expectations, I guess.

-Samarth (vrdnation.com)

1 Like

1 Like

If a multibagger shows bad results suddenly, it will be belted heavily compared to other normal stocks

Just check DCM SHRIRAM, DE NORA INDIA, MAITHAN ALLOYS latest results

no need to get some education about stock market, go and search some good stuff.

1 Like

Bulk sell by bnp paribas

1 Like

Thanks. I’ve watched this video earlier and it explains why Rain was trading low. But I think it’s still a multibagger for years to come.