Raymond share price: Buy Raymond, target price Rs 1020: Chandan Taparia

Chandan of has buy call on Raymond Ltd. with a target price of Rs 1020. The current market price of . is Rs 971.3. Time period given by analyst is Intra Day when Raymond Ltd. price can reach defined target.

Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 6456.99 Crore) operating in Textiles sector.

Raymond Ltd. key Products/Revenue Segments include Textiles, Apparel, Income From Real Estate Development, Others for the year ending 31-Mar-2022.


For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2031.74 Crore, up 8.60 % from last quarter Total Income of Rs 1870.88 Crore and up 44.36 % from last year same quarter Total Income of Rs 1407.45 Crore. Company reported net profit after tax of Rs 262.96 Crore in latest quarter.


Investment Rationale
Follow-up buying seen after the trend reversal on weekly frame and supports are shifting higher

Promoter/FII Holdings
Promoters held 49.12 per cent stake in the company as of 30-Sep-2021, while FIIs owned 7.25 per cent, DIIs 4.13 per cent.

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