Espresso Shot of the Day - Raymond Ltd up by 8.03 percent

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Espresso Shot of the Day - Raymond Ltd up by 8.03 percent

June 01, 2022
Espresso Shot of the Day - Raymond Ltd up by 8.03 percent

RAYMOND LTD 1062.30  (+8.03%) BSE – INE301A01014 | 1ST JUNE 2022

https://www.myespresso.com/images/Binge-graph-image_-RAYMOND-LTD-202206011829582366147.jpg

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. It also enjoys 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 a 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 made from 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 May 16, 2022, the company reported Net Sales of Rs.1, 958.10 crores in March 2022, up 43.38% from Rs. 1,365.66 crores in March 2021.
  • On May 16, 2022, the company reported a Quarterly Net Profit of Rs.263.31 crores in March 2022, up 366.45% from Rs.56.45 crores in March 2021.
  • On May 16, 2022, the company recommended payment of dividend of Rs.3/- per equity share
  • On Mar 31, 2022, the National Company Law Tribunal (NCLT) approved the scheme of transfer of Raymond Apparel Ltd business to Raymond Ltd.
  • On Mar 11, 2022, the company appointed Sunil Kataria as the CEO of its lifestyle business.
(Sources: BSE, Business Standard, Moneycontrol)


Technical Force*

  • S&P BSE SmallCap month till date gain up by -7.26%
  • Traded on 52 Week high value 1083.05
  • 3 months avg. NSE volume: 9,94,988
  • Quantity traded: 1, 13,667 | Deliverable quantity: 42,364 (37.27%)
  • Stock price has jumped by more than 200% from a one-year low level: 360.60 (Jun 1, 2021)
  • Daily RSI (14) is near Oversold territory today
  • 52-week-high: 1083.05 | 52-week-low: 360.60


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

1062.30

SMA

BSE

10 DAY

922.56

20 DAY

861.79

50 DAY

850.92

200 DAY

644.96


Some Key Ratios (Source: BSE)

Market Cap: 7,072.13 Crores

PE: -32.97

OPM%: -34.04

ROE%: -11.84

Promoters holding%: 49.16

Prev. Close: 983.35


*Chart and Technical Force data from the Binge desktop app
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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.