Raymond has target of Rs 390: Rajesh Jain

Raymond has target of Rs 390, says Rajesh Jain, Market Strategist

Jain told CNBC-TV18, "Raymond has an intraday target of Rs 390. The biggest trigger in the stock is positive rub off of having retail embedded in its biz model. After rationalizing its biz portfolio Raymond has focused extensively on increasing the number of retail outlets and I expect the company to be a direct beneficiary of the opening of the retail sector.