Limited upside seen in Raymond: SP Tulsian

Limited upside is seen in Raymond, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "There has nothing attractive in Raymond, except for the land bank monetisation and that story seems to have got over for the time being. If you see the financial performance of the company they have nothing exciting about that for the last two or three quarters."
He further added, "If you don't have any kind of land monetisation then you have a big disappointment and because of that a lot of long positions as an investor have got built up in the stock in this last six months. So, that story seems to be coming to an end for the time being. Unless until we see the revival of that news happening I don’t see any revival or hopes of the up move in the stock happening in the near term."