“So, the transition from unbranded to branded is happening pretty fast. Under the circumstances, I think one needs to look at Raymond Lifestyle, which is going to get listed in the near future, because it is more than double the size of the next player which is Vedant Fashions, Manyavar,” says Sudip Bandyopadhyay, Group Chairman, … Read more
Gautam Singhania, Chairman & MD, Raymond, says the company has invested a lot of capex for capacity expansion, which has all just come online/ It is perfectly timed. They have the capacity to offer to customers who want to move from Bangladesh to India. I must congratulate you for the kind of decisions the group … Read more
The broader NSE benchmark Nifty advanced further to settle at an all-time high for the third straight session on Friday, while the BSE gauge Sensex retreated from the record to slip below the 80,000 mark. Stocks that were in focus include names like Raymond, which rose 10%, RBL Bank, which fell 1.28%, and AstraZeneca India, … Read more
Shares of Raymond Limited on Friday rallied over 18% to a fresh 52-week high of Rs 3,480 on BSE after announcing the vertical demerger of its real estate business into its wholly-owned subsidiary Raymond Realty. Aimed at simplifying corporate structure and enhancing shareholder value for operational and structural benefits, the move will allow independent, dedicated … Read more
“You would find that among the largest or strongest growing markets for real estate in the past two years have been the greater MMR region, the Mumbai metropolitan region, particularly Thane. In the past, we used to see that real estate markets of Delhi, Bangalore would grow fast but particularly, we are seeing in the … Read more
Equity benchmarks closed higher on Monday recovering from early lows even amid a bearish trend in global equity markets. The 30-share Sensex ended 131 points higher at 77,341 and the Nifty rose 36 points to settle at 23,537. Stocks that were in focus include names like Raymond, which rose 3.6%, JK Paper, which gained 4.3%, … Read more
After a hectic five days, domestic markets started the new week on a subdued note on Monday and ended slightly lower. In today’s trade, shares of IndiGo, Mphasis, IRB Infra, Raymond, BPCL among others will be in focus due to various news developments. IndiGo InterGlobe Enterprises, one of the promoters of IndiGo, is planning to … Read more
The Indian market witnessed marginal decline in profit-booking on Monday amid mixed cues. The S&P BSE Sensex fell over 200 points while the Nifty50 was down more than 30 points to close at 23,259. Sectorally, selling was seen in metal, oil & gas and IT stocks while buying was seen in realty, utilities, telecom and … Read more
Investors can look for opportunities in stocks that have reported better-than-expected earnings for FY24. Out of the 1,375 stocks with market capitalisation exceeding Rs 1,000 crore, 374 have surpassed analysts’ earnings per share (EPS) estimates in FY24, according to data from LSEG. Among them, 20 are likely to offer returns exceeding 10% over the next … Read more
