Feb 27, 2013 09:25 AM IST | Source: CNBC-TV18

Sell Raymond, says Sudarshan Sukhani

Sell Raymond, says Sudarshan Sukhani of

Sell Raymond, says Sudarshan Sukhani of

Sukhani told CNBC-TV18, "Raymond has been coming in the shortlist repeatedly, it doesn’t stop at all. Now it is making new lows again for this downtrend. So a stock that says ‘I am willing to go lower than the broad market and I am going lower on and on’ is something that we want to go and sell.”

He further added, “There is a theme here. Century Textiles, Raymond, Bombay Dyeing, all of them have suddenly collapsed. That was the collective theme when they were going up and collectively they are coming down.”

The company's trailing 12-month (TTM) EPS was at Rs -16.32 per share. (Dec, 2012). The latest book value of the company is Rs 179.91 per share. At current value, the price-to-book value of the company was 1.86. The dividend yield of the company was 0.75%.

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