Espresso Shot of the Day - Raymond Ltd up by 11.22 percent

EspressoLogy

Espresso Shot of the Day - Raymond Ltd up by 11.22 percent

March 30, 2022
Espresso Shot of the Day - Raymond Ltd up by 11.22 percent

Raymond Ltd. 837.90  (+11.22%) BSE – INE301A01014 | March 30, 2022


Incepted in 1925, Raymond has been synonymous with Trust, Quality and Excellence. Raymond is a diversified group with majority business interests in Textile and Apparel sectors as well as presence across diverse segments such as FMCG, Realty, Engineering and Prophylactics in national and international markets. Having enjoyed the patronage of over a billion consumers, Raymond is reckoned for delivering world-class quality products to its consumers since the past nine decades. Being a vertically and horizontally integrated manufacturer of textiles, Raymond has strong fibre to fabric manufacturing capabilities and is a textile powerhouse with state-of-the-art modern infrastructure. Raymond offers an exquisite range of shirting and suiting fabrics across a plethora of options such as worsted fabrics, cotton, wool blends, linen and denim. With over 1,500 stores spread across 600 towns and an expansive network of over 20,000 points-of-sale in India, Raymond and its brands are also available in Tier IV and V cities. Over the years, the brand has emerged as a preferred choice for top design houses globally. Raymond has also been a leading player in high-value cotton shirting fabrics and is the No. 1 brand in the OTC space.


Recent Drivers

  • On Mar 9, 2022, the company appointed Sunil Kataria as the CEO of its lifestyle business.
  • On Jan 25, 2022, the company had reported net sales at Rs 1, 843.39 crores in Dec 2021, up 48.25% from Rs 1, 243.44 crores in Dec 2020.
  • On Jan 25, 2022, the company had reported quarterly net profit at Rs 100.28 crores in Dec 2021, up 362.33% from Rs 21.69 crores in Dec 2020.
  • On Jan 18, 2022, Raymond announced that Ten X Realty, a wholly owned subsidiary of the company, had signed a binding term sheet for joint redevelopment of a residential project in Mumbai.
  • On Dec 29, 2022, the company reported that it has incorporated a new unit, Ten X Realty, for its real estate business.
  • On Dec 13, 2022, the company approved the issuance of non-convertible debentures aggregating up to an amount not exceeding Rs 100 crores on a private placement basis.
(Sources: Business Standard, Moneycontrol, Business Today, Economic Times)


Technical Force*                                                                 

  • S&P BSE SmallCap month till date gain up by 5.86%
  • Traded on new 52-week-high value: 855
  • 3 months avg. NSE volume: 10,09,909
  • Quantity traded: 375,480 | Deliverable quantity: 84,408 (22.48%)
  • Stock price has jumped by more than 170% from a one-year-low level: 310 (Apr 23, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 855 | 52-week-low: 310


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1180.83

944.42

782.83

546.42

384.83

148.42

-

    -

Fibonacci Pivot

944.42

792.38

698.45

637.96

546.42

454.88

394.38

300.45

148.42


Today’s Close

837.90

SMA

BSE

10 DAY

753.47

20 DAY

727.98

50 DAY

737.43

200 DAY

553.49


Some Key Ratios (Source: BSE)

Market Cap: 5578.21 crores

PE: 20.12

OPM%: 26.42

ROE%: 15.91

Promoters holding%: 49.04

Prev. Close: 753.4


*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.