Buy Raymond, price target Rs 705: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Kunal Bothra has a buy call on Raymond Ltd
with a target price of Rs 705.0
The current price of Raymond Ltd
is Rs 679.7
Kunal Bothra recommended to keep a stoploss at Rs 670
Raymond Ltd., incorporated in the year 1925, is a Large Cap company (having a market cap of Rs 4398.96 Crore) operating in Textiles sector
Raymond Ltd
key Products/Revenue Segments include Textiles which contributed Rs 3157.84 Crore to Sales Value (96.38 % of Total Sales), Textiles which
contributed Rs 3157.84 Crore to Sales Value (96.38 % of Total Sales), Textiles which contributed Rs 3157.84 Crore to Sales Value (96.38 % of
Total Sales), Textiles which contributed Rs 3157.84 Crore to Sales Value (96.38 % of Total Sales), Textiles which contributed Rs 3157.84
Crore to Sales Value (96.38 % of Total Sales), Sale of services which contributed Rs 63.30 Crore to Sales Value (1.93 % of Total Sales),
Sale of services which contributed Rs 63.30 Crore to Sales Value (1.93 % of Total Sales), Sale of services which contributed Rs 63.30 Crore
to Sales Value (1.93 % of Total Sales), Sale of services which contributed Rs 63.30 Crore to Sales Value (1.93 % of Total Sales), Sale of
services which contributed Rs 63.30 Crore to Sales Value (1.93 % of Total Sales), Export Incentives which contributed Rs 20.61 Crore to
Sales Value (0.62 % of Total Sales), Export Incentives which contributed Rs 20.61 Crore to Sales Value (0.62 % of Total Sales), Export
Incentives which contributed Rs 20.61 Crore to Sales Value (0.62 % of Total Sales), Export Incentives which contributed Rs 20.61 Crore to
Sales Value (0.62 % of Total Sales), Export Incentives which contributed Rs 20.61 Crore to Sales Value (0.62 % of Total Sales), Income From
Real Estate Development which contributed Rs 19.99 Crore to Sales Value (0.61 % of Total Sales), Income From Real Estate Development which
contributed Rs 19.99 Crore to Sales Value (0.61 % of Total Sales), Income From Real Estate Development which contributed Rs 19.99 Crore to
Sales Value (0.61 % of Total Sales), Income From Real Estate Development which contributed Rs 19.99 Crore to Sales Value (0.61 % of Total
Sales), Income From Real Estate Development which contributed Rs 19.99 Crore to Sales Value (0.61 % of Total Sales), Waste which contributed
Rs 14.65 Crore to Sales Value (0.44 % of Total Sales), Waste which contributed Rs 14.65 Crore to Sales Value (0.44 % of Total Sales), Waste
which contributed Rs 14.65 Crore to Sales Value (0.44 % of Total Sales), Waste which contributed Rs 14.65 Crore to Sales Value (0.44 % of
Total Sales) and Waste which contributed Rs 14.65 Crore to Sales Value (0.44 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1883.17 Crore, unchanged .00 % from last quarter
Sales of Rs Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 82.42
Crore in latest quarter
Mr.Nabankur Gupta, Mr.Pradeep Guha, Mrs.Nawaz Gautam Singhania
Company has Walker Chandiok - Co
LLP as its auditoRs As on 31-12-2019, the company has a total of 64,719,132 shares outstanding.