Buy Raymond, target Rs 1135: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Raymond Ltd. with a target price of Rs 1135. The current market price of Raymond Ltd. is Rs 1116.85.
Time period given by the analyst is Intra Day when Raymond Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stop loss at Rs 1105
Raymond Ltd., incorporated in 1925, is a mid cap company with a market cap of Rs 6857.78 crore.
Raymond Ltd. key Products/Revenue Segments include Manufactured Goods which contributed Rs 1842.52 Crore to Sales Value (65.28 % of Total Sales), Traded Goods which contributed Rs 899.29 Crore to Sales Value (31.86 % of Total Sales), Sale of services which contributed Rs 43.25 Crore to Sales Value (1.53 % of Total Sales), Export Incentives which contributed Rs 23.04 Crore to Sales Value (0.81 % of Total Sales), Waste which contributed Rs 14.07 Crore to Sales Value (0.49 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 1629.84 Crore, up 9.81 % from last quarter Sales of Rs 1484.24 Crore and up 10.60 % from last year same quarter Sales of Rs 1473.60 Crore Company has reported net profit after tax of Rs 52.06 Crore in latest quarter.
The company’s top management includes 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. Company has Dalal & Shah LLP as its auditoRs As on 31-03-2018, the company has a total of 61,380,854 shares outstanding.
Time period given by the analyst is Intra Day when Raymond Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stop loss at Rs 1105
Raymond Ltd., incorporated in 1925, is a mid cap company with a market cap of Rs 6857.78 crore.
Raymond Ltd. key Products/Revenue Segments include Manufactured Goods which contributed Rs 1842.52 Crore to Sales Value (65.28 % of Total Sales), Traded Goods which contributed Rs 899.29 Crore to Sales Value (31.86 % of Total Sales), Sale of services which contributed Rs 43.25 Crore to Sales Value (1.53 % of Total Sales), Export Incentives which contributed Rs 23.04 Crore to Sales Value (0.81 % of Total Sales), Waste which contributed Rs 14.07 Crore to Sales Value (0.49 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 1629.84 Crore, up 9.81 % from last quarter Sales of Rs 1484.24 Crore and up 10.60 % from last year same quarter Sales of Rs 1473.60 Crore Company has reported net profit after tax of Rs 52.06 Crore in latest quarter.
The company’s top management includes 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. Company has Dalal & Shah LLP as its auditoRs As on 31-03-2018, the company has a total of 61,380,854 shares outstanding.
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