Feb 27, 2013, 09.25 AM | Source: CNBC-TV18
Sell Raymond, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
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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