Buy Raymond, target price Rs 3755: Motilal Oswal

Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 22258.59 Crore) operating in Textiles sector.

By ETMarkets.com | Updated: Jul 08, 2024, 10.05 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 Ltd. with a target price of Rs 3755. The current market price of Raymond Ltd. is Rs 3346.05.

Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 22258.59 Crore) operating in Textiles sector.

Raymond Ltd. key Products/Revenue Segments include Textiles, Income From Real Estate Development, Apparel, Others for the year ending 31-Mar-2024.

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.

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