Arvind, Alok, Raymond and Bombay Dyeing can be good buying candidates on decent fall, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.
Shardul Kulkarni of Angel Broking advised buying Raymond with a target of Rs 400 a share.
On CNBC-TV18's new show Super Six, market gurus chartpundit.com's Hemen Kapadia, technical analyst at viratechindia.com Rahul Mohinder and Angel Broking's Shardul Kulkarni, place their bets on two stocks each.
Rajesh Agarwal of Eastern Financiers feels that Raymond may see selling pressure in short term.
Ranak Merchant of Sushil Finance feels that Raymond may go upto Rs 415.
Rahul Mohinder of Veeratech India.com feels that Raymond can go upto Rs 380-385.
Textile major Raymond plans to sell its 125 acre plot housing its plant in Thane, Mumbai for a whopping Rs 2,250 crore, CNBC-TV18 reports quoting sources. The said plot was earlier going to be developed by the company. However, sources now tell CNBC-TV18 that the sale of land is on cards.
Raymond may sell Thane land (125 acres) for around Rs 2,250 crore, instead of developing it. Oberoi, Peninsula, Runwal GRP are leading in race for Raymond Land, reports CNBC-TV18, quoting sources. It touched an intraday high of Rs 373.50 and an intraday low of Rs 353. At 13:53 hrs the share was quoting at Rs 371.25, up Rs 15.30, or 4.30%.
Raymond can test Rs 450, says Rajen Shah, CIO of Angel Broking.
Most of textile stock had investment plans on the drawing board already. A lot of these like Raymond and Arvind had already shaved off the excess baggage from the business models, says Rajesh Jain, Independent Market Strategist.
Mukesh Ambani has got company of at least 29 fellow corporate executives, including four from his own group Reliance Industries, in terms of annual salaries running into crores of rupees for the latest fiscal.
Enter Raymond on dips, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.
Raymond is going to include in F&O segment after April expiry, reports CNBC-TV18. It touched an intraday high of Rs 344 and an intraday low of Rs 335.60. At 09:35 hrs the share was quoting at Rs 342.15, up Rs 10, or 3.01%.
Raymond touched an intraday high of Rs 336.85 and an intraday low of Rs 327.50. At 10:59 hrs the share was quoting at Rs 331.05, up Rs 3.95, or 1.21%. Nomura maintained buy rating with a target price at Rs 470 per share, reports CNBC-TV18.
Apparel maker Raymond’s net profit for the January-March quarter fell 80% year-on-year to Rs 1.27 crore due to higher costs and one-time exceptional provisions.
Raymond FY11 consolidated net profit was at Rs 53.7 crore versus net loss of Rs 46 crore, year-on-year, YoY.
Raymond touched an intraday high of Rs 349.85 and an intraday low of Rs 336.10. At 10:44 hrs the share was quoting at Rs 346.30, up Rs 7.10, or 2.09%.
Noel Tata isn't the only one warning against rising input cost. Raymond's chairman Gautam Singhania says inflationary pressure is a reality that retailers have to face.
Cotton prices have soared in the last one year and that has left the country’s largest branded apparel retailer Raymond with little choice but to raise prices, Chairman Gautam Singhania said Friday.
Textiles maker and retailer Raymond plans to invest Rs 250 million to Rs 300 million in FY12 to expand its accessories business and add sunglasses to its range, Gautam Singhania, chairman and managing director, said on Friday.
Raymond is going to announce a strategic development on an apparel brand tomorrow, reports CNBC-TV18. It touched an intraday high of Rs 310 and an intraday low of Rs 296.55. At 14:06 hrs the share was quoting at Rs 310, up Rs 12.50, or 4.20% on the NSE.
Textiles maker and retailer Raymond Ltd expects its apparel division revenue to jump 30% in FY11, an official told Reuters on Thursday.
Raymond has target of Rs 300, says Mitesh Thacker, Technical Analyst, miteshthacker.com.
Research analyst at Nomura, Harmendra Gandhi, gave CNBC-TV18 his views on select midcap stocks. He is positive on Raymond, Tube Investment, Tilaknagar Industries and Pidilite Industries.
Buy Raymond, says Harmendra Gandhi, Research Analyst at Nomura.