Buy Raymond, target price Rs 2585: Motilal Oswal

Raymond Ltd. key Products/Revenue Segments include Textiles, Apparel, Income From Real Estate Development, Others for the year ending 31-Mar-2023.

By ETMarkets.com | May 07, 2024, 09.25 AM IST

Promoters held 49.11 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.5 per cent, DIIs 8.77 per cent.

Motilal Oswal has buy call on Raymond with a target price of Rs 2585. The current market price of Raymond Ltd. is Rs 2192.85.

Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 14604.61 Crore) operating in Textiles sector.

Raymond Ltd. key Products/Revenue Segments include Textiles, Apparel, Income From Real Estate Development, Others for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2688.18 Crore, up 9.71 % from last quarter Total Income of Rs 2450.32 Crore and up 22.62 % from last year same quarter Total Income of Rs 2192.20 Crore. Company reported net profit after tax of Rs 230.37 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 49.11 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.5 per cent, DIIs 8.77 per cent.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!