Buy Raymond, target of Rs 400: Kulkarni

Shardul Kulkarni of Angel Broking advised buying Raymond with a target of Rs 400 a share.

Kulkarni told CNBC-TV18, "We are recommending Raymond. In the case of Raymond we have seen a lot of news flow as well as you are seeing a very strong higher top higher bottom cycle. In the case of this particular stock, volumes have increased plus you are seeing the stock is giving you a clear breakout above the levels of Rs 372. The ideal buying range in the case of Raymond would be between Rs 370 to Rs 376, stoploss should be placed at Rs 358 and target price we are looking at is Rs 400."