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Buy Raymond Ltd For Target Rs.2600 - Motilal Oswal Financial Services Rejuvenating the Brand Rebranding a legacy with financial discipline! | Initiate coverage with a BUY Raymond is an established apparel brand in India that resonates with consumers seeking premium apparel wear. However, despite its rich heritage, the brand’s market penetration has remained significantly underexplored. Over the last two to three years, the company has revitalized its standing through strategic initiatives such as: a) strengthening the senior leadership team across vari...
Buy Raymond Ltd For Target Rs.2600 - Motilal Oswal Financial Services
Buy Raymond Ltd For Target Rs.2600 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
5/09/2023 2:56:39 PM
India`s Raymond Q1 profit jumps on one-off gain from consumer business sale Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond's consolidated profit was 10.65 billion rupees ($128.7 million) for the three months ended June 30, compared with 809 million rupees a year earlier. In April, Raymond agreed to sell its consumer business Raymond Consumer Care including brands such as Park Avenue deodorant and Kamasutra condoms to Godrej Consumer Prod...
India`s Raymond Q1 profit jumps on one-off gain from consumer business sale
India`s Raymond Q1 profit jumps on one-off gain from consumer business sale
Source: Reuters
11/08/2023 2:50:03 PM
Raymond gains as its arm subscribes partnership interest in `New Mumbai Realty LLP` Raymond is currently trading at Rs. 1829.65, up by 11.70 points or 0.64 % from its previous closing of Rs. 1817.95 on the BSE. The scrip opened at Rs. 1821.00 and has touched a high and low of Rs. 1835.00 and Rs. 1813.65 respectively. So far 7746 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1852.25 on 10-Jul-2023 and a 52 week low of Rs. 917.40 on 27-Jul-2022. Last one week high and low of the scrip stood at...
Raymond gains as its arm subscribes partnership interest in `New Mumbai Realty LLP`
Raymond gains as its arm subscribes partnership interest in `New Mumbai Realty LLP`
Source: Accord Fintech
13/07/2023 10:51:36 AM
Indian textile maker Raymond posts 6% rise in Q4 core profit as sales grow India's Raymond Ltd on Tuesday reported a nearly 6% rise in quarterly core profit on the back of higher sales in its key textiles and apparel businesses. The textile maker reported consolidated earnings before interest, taxes, depreciation and amortisation of 3.79 billion rupees ($46.34 million) for the three months to March 31, up from 3.58 billion rupees a year before. However, the company's net profit was down over 26% at 1.94 billion rupees during the period, as a larger tax...
Indian textile maker Raymond posts 6% rise in Q4 core profit as sales grow
Indian textile maker Raymond posts 6% rise in Q4 core profit as sales grow
Source: Reuters
9/05/2023 4:36:56 PM
Raymond surges on planning to raise funds through NCDs Raymond is currently trading at Rs. 1595.00, up by 19.50 points or 1.24% from its previous closing of Rs. 1575.50 on the BSE. The scrip opened at Rs. 1589.80 and has touched a high and low of Rs. 1609.65 and Rs. 1569.85 respectively. So far 3203 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1755.35 on 27-Apr-2023 and a 52 week low of Rs. 738.95 on 12-May-2022. Last one week high and low of the scrip stood at ...
Raymond surges on planning to raise funds through NCDs
Raymond surges on planning to raise funds through NCDs
Source: Accord Fintech
5/05/2023 11:09:48 AM
Godrej Consumer to buy KamaSutra, Park Avenue brands from Raymond for Rs 2,825 crore Godrej Consumer Products Ltd will be buying the fast moving consumer goods (FMCG) business of Raymond Consumer Care Ltd for Rs 2,825 crore. The brands that Godrej Consumer would be acquiring from Raymond Consumer are: Park Avenue (for the FMCG category), KS, KamaSutra and Premium, through a slump sale. According to Godrej Consumer, for FY23, Raymond Consumer had reported a revenue of Rs 622 crore. "This acquisition allows us to complement our business portfolio and growth strate...
Godrej Consumer to buy KamaSutra, Park Avenue brands from Raymond for Rs 2,825 crore
Godrej Consumer to buy KamaSutra, Park Avenue brands from Raymond for Rs 2,825 crore
Source: IANS
28/04/2023 9:14:03 AM
India's Godrej to buy Raymond`s consumer business for $345 million India's Godrej Consumer Products Ltd said on Thursday it is acquiring the consumer goods business of Raymond Consumer Care Ltd for $345 million, bolstering its portfolio of brands in the country's fast-growing retail market. Raymond Ltd will sell its popular brands such as the Park Avenue deodorant and Kamasutra condoms to Godrej as part of the deal, which will turn it debt-free and reduce the number of business lines, its chairman Gautam Singhania said in a press conference. Th...
India's Godrej to buy Raymond`s consumer business for $345 million
India's Godrej to buy Raymond`s consumer business for $345 million
Source: Reuters
27/04/2023 6:00:36 PM
Raymond shines on reporting around 3-fold jump in Q2 consolidated net profit Raymond is currently trading at Rs. 1293.05, up by 35.20 points or 2.80% from its previous closing of Rs. 1257.85 on the BSE. The scrip opened at Rs. 1322.00 and has touched a high and low of Rs. 1328.75 and Rs. 1269.90 respectively. So far 26231 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,328.75 on 04-Nov-2022 and a 52 week low of Rs. 493.00 on 12-Nov-2021. Last one week high and low of the scrip stood a...
Raymond shines on reporting around 3-fold jump in Q2 consolidated net profit
Raymond shines on reporting around 3-fold jump in Q2 consolidated net profit
Source: Accord Fintech
3/11/2022 5:29:20 PM
East West Holdings moves up on bagging Rs 24 crore service contract from Raymond East West Holdings is currently trading at Rs. 6.66, up by 0.12 points or 1.83% from its previous closing of Rs. 6.54 on the BSE. The scrip opened at Rs. 6.79 and has touched a high and low of Rs. 6.79 and Rs. 6.45 respectively. So far 16632 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 13.50 on 12-Jan-2022 and a 52 week low of Rs. 6.05 on 28-Jun-2022. Last one week high and low of the scrip stood at Rs. 6.89 ...
East West Holdings moves up on bagging Rs 24 crore service contract from Raymond
East West Holdings moves up on bagging Rs 24 crore service contract from Raymond
Source: Accord Fintech
22/09/2022 12:13:38 PM
Raymond soars on reporting around 5-fold jump in Q4 consolidated net profit Raymond is currently trading at Rs. 845.50, up by 31.95 points or 3.93% from its previous closing of Rs. 813.55 on the BSE. The scrip opened at Rs. 860.10 and has touched a high and low of Rs. 866.75 and Rs. 833.05 respectively. So far 86515 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 964.15 on 13-Apr-2022 and a 52 week low of Rs. 350.00 on 17-May-2021. Last one week high and low of the scrip stood at Rs. 8...
Raymond soars on reporting around 5-fold jump in Q4 consolidated net profit
Raymond soars on reporting around 5-fold jump in Q4 consolidated net profit
Source: Accord Fintech
17/05/2022 2:04:52 PM
Key News - Life Insurance Corporation of India, Raymond, Swiggy By ARETE Securities KeyNews LIC IPO gets Sebi approval; may see delayed launch over Ukraine crisis India’s markets regulator has approved the public listing of Life Insurance Corporation of India (LIC), sources told 'Business Standard' on Wednesday as the war in Ukraine casts a shadow over the state-owned firm’s IPO timing. The government is looking to sell a 5 per cent stake, or 316 million shares, in the insurer through the IPO. Investment banking sources said Sebi issued the so-call...
Key News - Life Insurance Corporation of India, Raymond, Swiggy By ARETE Securities
Key News - Life Insurance Corporation of India, Raymond, Swiggy By ARETE Securities
Source: ARETE Securities Ltd
10/03/2022 10:15:26 AM
Raymond hits new 52-week high on reporting around 5-fold jump in Q3 consolidated net profit Raymond is currently trading at Rs. 791.35, up by 7.40 points or 0.94% from its previous closing of Rs. 783.95 on the BSE. The scrip opened at Rs. 795.10 and has touched a high and low of Rs. 818.25 and Rs. 771.80 respectively. So far 144466 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 818.25 on 27-Jan-2022 and a 52 week low of Rs. 310.00 on 23-Apr-2021. Last one week high and low of the scrip stood at Rs. 8...
Raymond hits new 52-week high on reporting around 5-fold jump in Q3 consolidated net profit
Raymond hits new 52-week high on reporting around 5-fold jump in Q3 consolidated net profit
Source: Accord Fintech
27/01/2022 3:04:54 PM
Raymond shines as its arm signs binding term sheet for joint redevelopment of residential project in Mumbai Raymond is currently trading at Rs. 758.40, up by 23.10 points or 3.14% from its previous closing of Rs. 735.30 on the BSE. The scrip opened at Rs. 736.15 and has touched a high and low of Rs. 765.00 and Rs. 736.15 respectively. So far 20240 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 793.00 on 17-Jan-2022 and a 52 week low of Rs. 310.00 on 23-Apr-2021. Last one week high and low of the scrip stood at Rs. 7...
Raymond shines as its arm signs binding term sheet for joint redevelopment of residential project in Mumbai
Raymond shines as its arm signs binding term sheet for joint redevelopment of residential project in Mumbai
Source: Accord Fintech
19/01/2022 9:37:36 AM
Raymond trades higher on raising Rs 100 crore through NCDs Raymond is currently trading at Rs. 627.35, up by 8.70 points or 1.41% from its previous closing of Rs. 618.65 on the BSE. The scrip opened at Rs. 624.00 and has touched a high and low of Rs. 636.00 and Rs. 624.00 respectively. So far 13393 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 708.00 on 14-Dec-2021 and a 52 week low of Rs. 310.00 on 23-Apr-2021. Last one week high and low of the scrip stood at Rs. 64...
Raymond trades higher on raising Rs 100 crore through NCDs
Raymond trades higher on raising Rs 100 crore through NCDs
Source: Accord Fintech
29/12/2021 11:34:52 AM
Buy Raymond Ltd For Target Rs.819 - LKP Securities Raymond has bounced back strongly with revival of the economy and increasing demand from its consumers led by the onset of wedding season and adoption of hybrid working culture. Also, cost control and store rationalization measures taken were fruitful leading to higher operational margins, positive cash flows and substantial reduction in debt. Each of the businesses has performed well posting positive to higher margins in Q2FY22. To further unlock value from each of the business segments, the...
Buy Raymond Ltd For Target Rs.819 - LKP Securities
Buy Raymond Ltd For Target Rs.819 - LKP Securities
Source: LKP Securities Ltd
25/12/2021 9:26:43 AM
Raymond inches up on getting nod to raise Rs 100 crore via NCDs Raymond is currently trading at Rs. 657.65, up by 0.30 points or 0.05% from its previous closing of Rs. 657.35 on the BSE. The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 663.70 and Rs. 652.50 respectively. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 676.00 on 30-Nov-2021 and a 52 week low of Rs. 305.20 on 22-Dec-2020. Last one week high and low of the scrip stood at Rs. 670.00 and Rs. 629.55 respectively. The current ma...
Raymond inches up on getting nod to raise Rs 100 crore via NCDs
Raymond inches up on getting nod to raise Rs 100 crore via NCDs
Source: Accord Fintech
14/12/2021 12:06:53 PM
Raymond trades in green on BSE Raymond is currently trading at Rs. 456.70, up by 3.40 points or 0.75% from its previous closing of Rs. 453.30 on the BSE. The scrip opened at Rs. 453.10 and has touched a high and low of Rs. 458.70 and Rs. 446.85 respectively. So far 6540 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 486.25 on 18-Oct-2021 and a 52 week low of Rs. 268.10 on 30-Oct-2020. Last one week high and low of the scrip stood at Rs. 470...
Raymond trades in green on BSE
Raymond trades in green on BSE
Source: Accord Fintech
29/10/2021 10:16:57 AM
Raymond gains on turning black in Q2 Raymond is currently trading at Rs. 460.50, up by 2.40 points or 0.52% from its previous closing of Rs. 458.10 on the BSE. The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 470.00 and Rs. 457.50 respectively. So far 28026 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 486.25 on 18-Oct-2021 and a 52 week low of Rs. 268.10 on 30-Oct-2020. Last one week high and low of the scrip stood at Rs. 47...
Raymond gains on turning black in Q2
Raymond gains on turning black in Q2
Source: Accord Fintech
28/10/2021 12:37:37 PM
Key News - Reliance Industries Ltd, REC Ltd, Whirlpool of India Ltd, Adani Wilmar Ltd, Raymond Ltd, Bharat Petroleum Corporation Ltd By ARETE Securities Key News Reliance said to near investment in Google-backed Glance InMobi: Report Reliance Industries Ltd. is in talks to buy a stake in Indian mobile content provider Glance InMobi Pte, according to people familiar with the matter. The conglomerate is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google, the people said, asking not to be identified as the information is private. The transaction could be completed as soon as in the next few weeks...
Key News - Reliance Industries Ltd, REC Ltd, Whirlpool of India Ltd, Adani Wilmar Ltd, Raymond Ltd, Bharat Petroleum Corporation Ltd By ARETE Securities
Key News - Reliance Industries Ltd, REC Ltd, Whirlpool of India Ltd, Adani Wilmar Ltd, Raymond Ltd, Bharat Petroleum Corporation Ltd By ARETE Securities
Source: ARETE Securities Ltd
28/09/2021 9:20:31 AM
Raymond Ltd Q4 net profit zooms 188.11% at Rs 59.35 cr The company reported standalone net profit of Rs 59.35 crore for the quarter ended March 31, 2021 as compared to Rs 20.60 crore in the same period last year, registering a year-on-year growth of 188.11 per cent. Net revenue of the company rose substantially by 22.68 per cent at Rs 792.85 crore in January-March quarter of this fiscal as against Rs 646.25 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 9.82 per cent to Rs 658.21 cror...
Raymond Ltd Q4 net profit zooms 188.11% at Rs 59.35 cr
Raymond Ltd Q4 net profit zooms 188.11% at Rs 59.35 cr
Source: Dion Global Solutions Ltd
7/05/2021 10:45:21 AM
Raymond has transitioned to more advanced digital value chain: Gautam Hari Singhania Raymond has today transitioned to a more advanced digital value chain based on demand side economy and adoption with agility, says its Chairman and Managing Director Gautam Hari Singhania. In an interview with IANS, Singhania said: "Until the second wave swamped us sometime around February end, we were witnessing healthy signs of recovery and moving towards pre-pandemic levels. However, varied localised restrictions across states to curtail the spread of pandemic has resulted in the...
Raymond has transitioned to more advanced digital value chain: Gautam Hari Singhania
Raymond has transitioned to more advanced digital value chain: Gautam Hari Singhania
Source: IANS
7/05/2021 9:31:22 AM
Key News Tata Steel, Raymond & Dhanlaxmi Bank Ltd by SPA Securities Key News Tata Steel consol Q3 PAT at Rs 3,698 cr vs Rs 1,029 cr loss a year ago Tata Steel, the country’s oldest steel producer, reported a consolidated net profit of Rs 3,698 crore in the December quarter as against a loss of Rs 1,029 crore in the corresponding period last year on the back of increased revenue, which was aided by both higher steel prices and volumes. The profit was ahead of consensus estimate of Rs 3,353 crore, according to Bloomberg, mainly led by the India oper...
Key News Tata Steel, Raymond & Dhanlaxmi Bank Ltd by SPA Securities
Key News Tata Steel, Raymond & Dhanlaxmi Bank Ltd by SPA Securities
Source: SPA Securities Ltd
10/02/2021 10:10:36 AM