Buy Raymond, target Rs 800: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Raymond Ltd. with a target price of Rs 800.0 .The current market price of Raymond Ltd. is Rs 783.45. The time period given by analyst is Intra Day when Raymond Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 780.0 .

Raymond Ltd., incorporated in the year 1925, is a midcap company with a market cap of ₹ 4808.88 crore operating in textiles sector.

Raymond Ltd. key Products/Revenue Segments include Fabrics which contributed ₹ 1650.08 Cr to Sales Value (59.06 % of Total Sales), Shirtings which contributed ₹ 424.32 Cr to Sales Value (15.18 % of Total Sales), Other Fabrics which contributed ₹ 320.21 Cr to Sales Value (11.46 % of Total Sales), Others which contributed ₹ 288.61 Cr to Sales Value (10.33 % of Total Sales), Garments which contributed ₹ 65.31 Cr to Sales Value (2.33 % of Total Sales), Export Incentives which contributed ₹ 19.74 Cr to Sales Value (0.70 % of Total Sales), Waste which contributed ₹ 16.60 Cr to Sales Value (0.59 % of Total Sales), Job Work which contributed ₹ 4.72 Cr to Sales Value (0.16 % of Total Sales) and Other Services which contributed ₹ 4.02 Cr to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 1306.87 Cr., down -15.88% from last quarter Sales of ₹ 1553.49 Cr. and down -11.85% from last year same quarter Sales of ₹ 1482.58 Cr. Company has reported net profit after tax of ₹ -6.09 Cr. in latest quarter. The company’s CEO is Mr.Gautam Hari Singhania. It's Board of Directors include Mr.Thomas Fernandes, Mr.Gaurav Y Mahajan, Mr.K A Narayan, Mr.S L Pokharna, Mr.Sanjay Behl, Mr.Sudhanshu Pokhriyal, Mr.Thomas Fernandes, Dr.Vijaypat Singhania, Mr.Akshay Chudasama, Mr.Boman Irani, Mr.Gautam Hari Singhania, Mr.H Sunder, Mr.I D Agarwal, Mr.Nabankur Gupta, Mr.Pradeep Guha, Mrs.Nawaz Gautam Singhania. Company has its registered office at Plot No.156, H. No.2,, Village Zadgaon, Ratnagiri, 415612, Maharashtra. Company has Dalal & Shah LLP as its auditors. As on 31-03-2017, the company has a total of 60,580,404 shares outstanding.