Raymond at new ATH and still looking cheap
Updated
Raymond is a diversified group with interest in the Textile & Apparel sectors and a presence across diverse segments such as Real Estate, FMCG, and Engineering.
Its PE is only 9.8 as compared to the Industry PE of 29. Company posted impressive sales and EPS growth qoq and opened 39 new stores in the quarter.
Technically chart is super bullish and price has given one more BO after 5 week consolidation. With SL 2070 on closing basis can be added for midterm tgt of 2600/2900.
Its PE is only 9.8 as compared to the Industry PE of 29. Company posted impressive sales and EPS growth qoq and opened 39 new stores in the quarter.
Technically chart is super bullish and price has given one more BO after 5 week consolidation. With SL 2070 on closing basis can be added for midterm tgt of 2600/2900.
Note
High achieved 2659. First tgt met.
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