Total income during the quarter under review stood at Rs 1,837.11 crore as against Rs 1,655.12 crore in the same quarter of the previous fiscal.
The new real estate arm named 'Raymond Realty' will build 3,000 units in the first phase of the project in a period of five years with potential revenues of over 35 billion rupees ($510.90 million), the company said.
Stocks include Garnet International, Manpasand Beverages, Kitex Garments, MRF, UPL, Bajaj Holdings, Atuo Auto, GMR Infra, Raymond and Ashoka Buildcon
Textile and branded apparel company Raymond closed 8 percent lower on February 7 on the BSE, its worst close since October 25
Textile minister Smriti Irani said the initiative aims at exploring the synergy between culture and textiles and the initiative will be extended to rest of the country.
According to Bahl, Raymond's Thane project has received Maharashtra RERA registration for phase I and the launch date would be in this quarter.
The company had posted a net profit of Rs 30.71 crore in October-December period a year ago, Raymond said in a BSE filing.
Singhania aims to achieve independent governance in his companies and keep his family away from the everyday operations of Raymond
Friday’s profit-taking should be interpreted as a good buying opportunity for the target of Rs 934 in the coming days. The stop loss can be placed at Rs 828, says Sameet Chavan of Angel Broking.
The land is a part of Raymond’s bigger, 125-acre land at Thane’s Cadbury Junction
Nirvik Singh will take charge as the non-Executive Chairman at Raymond Apparel.
The company, which has recently achieved the target to open its 200th 'Mini TRS' (The Raymond Shop), has plans to add around 600 more in its network in tier IV, V and VI towns.
At 20.4 times its 2-year forward earnings, Raymond’s valuations are inexpensive and attractive for going long
The company had posted a net profit of Rs 62.24 crore in the July-September period a year ago, Raymond said in a filing to the BSE.
Business tycoon Vijaypat Singhania had handed over his shares, worth over Rs 1,000 crore, to his son Gautam and now has little to his name, even though the company he founded is worth more than Rs 6,000 crore
This made the tiff between him and his son Gautam Singhania, who is also the Chairman and Managing Director of the group, worse
At a modest post-correction valuation of 21.8 times FY20 projected earnings, the stock is worthy of consideration.