Raymond can test Rs 450: Rajesh Shah

Raymond can test Rs 450, says Rajen Shah, CIO of Angel Broking.

Shah told CNBC-TV18, "I continue to be positive on Raymond because they already shifted from Thane, the land is 160 acre roughly works out to about Rs 2,000 crore, marketcap is little more than that. The thing is that since they have shifted most of the production to Vapi they are going to save a significant part on the Octroi as well and it