Raymond witnesses 104% revenue increase in Q1FY23, highest in 10 years

Raymond Ltd., on Friday, announced that it has achieved another strong quarter with the highest quarterly revenue and profitability in the last 10 years in its consolidated financial results for the quarter ended June 2022. The homegrown textile major reported that its revenue was at Rs 1,754 crore, up 104 per cent from last year. … Read more

hemang jani: Don’t see a case for a significant market correction from current price point: Hemang Jani

“Whoever invests at this point of time over the period of next one or two months, would generate a decent positive return,” says Hemang JaniEquity Strategist & Senior Group VP, MOFSL The first half of the year is done. As we enter the second half, what are you telling your clients – negative returns, negligible … Read more

Nifty to remain choppy with negative bias, support at 15600; Buy Raymond, sell Titan stocks to pocket gains

By Nagaraj Shetti The choppy movement continued in the market on Wednesday and NSE Nifty 50 closed the day lower by 32 points amid volatility. After opening with a positive note, the market has started with upside recovery since opening. The gradual up move continued for the better part of the session and selling pressure … Read more

ipo: 3 IPOs to debut on bourses this week: How much listing pop can you expect?

NEW DELHI: Shares of three companies which launched their initial public offer (IPO) recently will list on the stock exchanges for secondary market trading during the week. Given the market conditions and gray market premium (GMP), a big bang listing gains should not be expected. The first listing will be Ethos on Monday, which is … Read more

Today’s Pick: Raymond (₹ 954.6): Buy

The stock of Raymond isan uptrend since May 2020 when it started to rally from ₹ 215. After cracking the resistance of ₹ 500 in November 2021, the rally accelerated. As it continued to head north, the scrip breached important hurdles at ₹ 800 and ₹ 870 over the past three weeks. It closed at … Read more

ColorPlus, Park Avenue could be on the block due to pandemic

Apparel and textile major Raymond may be in the midst of talks to sell its prized apparel brands Park Avenue and ColorPlus, amid rising speculation about the future of the company’s apparel business. As per media reports, the company is in talks with Danish retail group Bestseller – which houses labels such as Jack & … Read more

Raymond appoints industry veteran Sunil Kataria as CEO of Lifestyle Business

Textile, apparel and retail conglomerate Raymond has appointed Sunil Kataria as the CEO of its lifestyle business with effect from March 9, ie, today. In his new role, Kataria will be responsible for steering the next phase of growth by focusing on digital agenda and strengthening the brand’s presence in domestic and international markets. Prior … Read more