Buy Raymond, target Rs 995: Manas Jaiswal

Buy Raymond at a price target of Rs 995 and a stop loss at Rs 960 from entry point.

Manas Jaiswal of manasjaiswal.com has a buy call on Raymond with a target price of Rs 995.

The current market price of Raymond is Rs 969.50.

Time period given by the analyst is intraday when Raymond price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 960.

Raymond, incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 5,834.86 Crore) operating in Textiles sector.

The company’s top management includes Dr.Vijaypat Singhania, Mr.Akshaykumar 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.
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Company has Dalal & Shah LLP as its auditors.

As on 30-09-2017, the company has a total of 61,380,854 shares outstanding.
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