Short Raymond: Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Raymond is a sell call that we have got. The stock moves in a very strong lower top lower bottom cycle. It is in the Futures segment, so a good attractive short. On the upside Rs 251 is a good stop loss."

"One should short the counter on a small bounce towards as near to Rs 251 for a target of around Rs 220-225 over the next 8 to 10 trading sessions," Kulkarni said.
The share touched its 52-week high Rs 488.90 and 52-week low Rs 228.50 on 11 December, 2012 and 26 June, 2013, respectively. Currently, it is trading 51.38 percent below its 52-week high and 4.03 percent above its 52-week low. Market capitalisation stands at Rs 1,459.02 crore.