Raymond may go below Rs 300: Sukhani

Sudarshan Sukhani of s2analytics.com feels that Raymond may go below Rs 300.

Sukhani told CNBC-TV18, "Raymond has done nothing except falling. It keeps on falling and does not stop. There was a three-four day small rally, it was a bearish flag and it promises a break under Rs 300 eventually. There is a story going on here in Raymond, Century Textiles, I am not sure what it is. But in any case there is more downside.”
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 1.79. The dividend yield of the company was 0.78%.
The share touched its 52-week high Rs 488.90 and 52-week low Rs 306.80 on 11 December, 2012 and 04 March, 2013, respectively. Currently, it is trading 34.14% below its 52-week high and 4.95% above its 52-week low. Market capitalisation stands at Rs 1,976.46 crore.