Buy Raymond, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Raymond went through some kind of a mini bear market when it fell from Rs 400 to sub Rs 300. So we had a very sharp correction in that stock. At Rs 300 there were buyers and now that buying support has shown itself as a trading range and a breakout from a trading range."
He further added, "I think that Raymond is in a long-term bull market and a very sharp correction is a perfect buy on dips opportunity, not just for the day trader, this is a day trade or a swing trade for a couple of days but also for the investor who was waiting for this kind of a dip. So I think Raymond qualifies on both counts."
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