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RAYMOND LTD.RAYMOND LTD.RAYMOND LTD.

RAYMOND LTD.

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RAYMOND trade ideas

Raymond is looking to Fly the Sky #SuperChartzKey levels: Support: 1800 on a closing basis Resistance: 1920, 1980, 2080, 2185 Description: Fundamentals: Business Overview: Raymond Limited, established in 1925, is a diversified group with interests in Textile & Apparel sectors, Real Estate, FMCG, Engineering, and international markets. It is a leading vertically and horizontally integrated manufacturer of worsted suiting fabric globally. Business Segments Post Demerger: The company will focus on Real Estate, Engineering, and Denim (Joint Venture) while retaining its flagship brand, Raymond. Brands: Notable brands include Raymonds, Colour Plus, Parx, Park Avenue, and new ventures like Ethnix. Strong retail presence with 1,638 stores, including 49 overseas stores in nine countries. Revenue Mix FY23: Branded Textile: 40% Branded Apparel: 16% Garmenting: 13% High-Value Cotton Shirting: 9% Engineering: 10% Real Estate: 13% Joint Ventures: Raymond UCO Denim (JV) manufactures specialty ring denim with a capacity of 56 million meters per annum. FMCG presence through Raymond Consumer Care (50% JV) in personal hygiene products. Raymond Realty: Started real estate business in 2019, with planned development on 20 acres, receiving significant booking values. Financials and Debt Reduction: Market Cap: ₹12,351 Cr. Debt reduced to ₹689 Cr. as of FY23. The company sold its FMCG business, reducing debt and becoming cash surplus. Demerger: Demerger of core Lifestyle business ongoing since 2019, aiming for two independent, debt-free entities with significant liquidity surplus. Technicals: Stock Performance: Current Price: ₹1,855 High / Low: ₹2,240 / ₹1,093 Stock P/E: 7.51 Financial Ratios: ROCE: 21.4% ROE: 22.9% Debt to Equity: 0.82 Price to Earning: 7.51 Market Performance: Return over 3 months: 2.35% Return over 3 years: 75.5% Enterprise Value and Sales: EV/EBITDA: 6.53 Enterprise Value: ₹15,469 Cr. Sales: ₹8,343 Cr. Miscellaneous: Book Value: ₹630 Dividend Yield: 0.16% OPM: 13.9% Price to Book Value: 2.95 EPS: ₹227 Industry PE: 35.3 Return on Assets: 7.86% Current Ratio: 1.77 In short, Raymond Limited demonstrates strong fundamentals with diversified business segments, successful brand portfolio, and strategic moves like demerger and debt reduction. Technically, the stock shows stable financial performance, moderate valuation, and positive market returns.
NSE:RAYMONDLong
by SuperChartz
4
"RAYMOND: Riding the Upward Wave with Confidence"Description: 📈 RAYMOND: Seizing the Momentum of an Upward Trend! 🚀 Get ready to capitalize on the potential of RAYMOND, a stock that's currently riding a strong upward wave. Here's why this trade setup deserves your attention: Key Points: 📊 Entry Price (in Rupees): Consider entering the trade at Rs 1835, positioning yourself for potential gains as RAYMOND continues its impressive upward trajectory. ❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 1640. This level acts as a critical safety net in case the trade doesn't unfold as anticipated. 🎯 Target Price (in Rupees): Our target is set at Rs 2400, reflecting a significant potential upside. This is where you may contemplate taking profits. 🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, aligning with your trading strategy and market conditions. 📈 Risk-Reward Ratio: The corrected risk-to-reward ratio for this trade is approximately 1:2.90. For every unit of risk, there's a potential reward of 2.90 units, resulting in a risk-reward ratio of "1:2.90." 🚀 Trade Strategy: Stay confident as RAYMOND continues its strong upward trend. Keep your stop loss intact and consider trailing it periodically to secure gains as the stock progresses. 📉 Correction from Highs: RAYMOND has experienced a healthy correction, with a 21% pullback from its higher levels, creating an attractive entry opportunity. 📊 Trading on Support: The stock is currently trading on a supportive level, with today's daily candle indicating a potential bounce back. 💰 Favorable Risk to Reward: This trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while diligently managing risk. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Seize the opportunity presented by RAYMOND's upward momentum with confidence and aim for potential gains. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:RAYMONDLong
by We_Learn_Investing
Raymonds PhasesAny Business Entity has to go through 4 business phases or business cycles. Phase 1: When the company starts, it prepares the foundation. All important data remains in a very consolidated phase and within a defined price range. Phase 2: Company improves in all aspects of frame and price range breaks the defined range and moves quickly to reach a peak. Phase 3: Now, company is again range bound and this phase gives an ooportunity how it can improve its overall financials and move to another peak. Phase 4: After phase 3, if the company fails due to internal or external factors to reach a new peak, it declines sharply.
NSE:RAYMOND
by RajeevvRoshan
1
Raymond surges 10%, hits record highRaymond surges 10%, hits record high on healthy business outlook Shares of Raymod hit a record high of Rs 2,169.85 as they rallied 10 per cent on the BSE in Tuesday's intra-day trade on expectation of strong earnings growth in the second half of the financial year 2023-24. Since April, the stock price of the garments & apparels seller has zoomed 78 per cent. In comparison, the S&P BSE Sensex was up 0.17 per cent at 65,739 at 09:43 AM. Going forward, the management is optimistic as festive and wedding season will set in during the second half of the year giving an impetus to the consumer demand across the country.
NSE:RAYMOND
by chetnaparmar833