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.
Raymond has reported a consolidated total income from operations of Rs 1,250.66 crore and a net profit of Rs 0.02 crore for the quarter ended Jun-2018
Raymond's revenue during the quarter increased 4.5 percent to Rs 1,251 crore compared to Rs 1,197 crore reported in corresponding period last year.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy ITC with a stop loss of Rs 283, target of Rs 297, a buy in Pidilite Industries with a stop loss of Rs 1080, target of Rs 1240 and a sell in Balrampur Chini with a stop loss of Rs 70, target of Rs 62.
Revenue from operations increased 10.6 percent to Rs 1,629.8 crore against Rs 1,473.6 crore in corresponding period last fiscal.
Its total income was up 9.91 percent at Rs 1,655.12 crore during the quarter under review as against Rs 1,505.75 crore in the corresponding period of the previous fiscal.
A meeting of the committee of board of directors will be held on March 20, 2018 to consider and approve the issue of NCDs, aggregating up to an amount of Rs 100 crore on private placement basis, Raymond said in a stock exchange filing.
Spotting a big demand gap in small towns, textile and apparel major Raymond is looking to spread its presence into such markets and expects up to 10 per cent like-to-like sales growth from this initiative, a senior company official has said.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, Canara Bank and Union Bank of India.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Raymond and Titan Company and can buy Biocon.