Sell Raymond Ltd. at a price target of Rs 555.0 and a stoploss at Rs 573 from entry point. ETMarkets.com|Updated: Aug 22, 2019, 08.55 AM ISTThinkStock PhotosDr CK Narayan of Chart Advise has a sell call on Raymond Ltd. with a target price of Rs 555. The current market price of Raymond Ltd. is Rs 566.7. Time period given by the analyst is Intra Day when Raymond Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 573. Raymond Ltd., incorporated in 1925, has a market cap of Rs 3478.45 crore.
Raymond Ltd. key Products/Revenue Segments include Manufactured Goods which contributed Rs 1873.45 Crore to Sales Value (62.20 % of Total Sales), Traded Goods which contributed Rs 1058.73 Crore to Sales Value (35.15 % of Total Sales), Sale of services which contributed Rs 48.69 Crore to Sales Value (1.61 % of Total Sales), Export Incentives which contributed Rs 17.12 Crore to Sales Value (0.56 % of Total Sales), Waste which contributed Rs 13.58 Crore to Sales Value (0.45 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1435.12 Crore, down -20.66 % from last quarter Sales of Rs 1808.71 Crore and up 14.75 % from last year same quarter Sales of Rs 1250.66 Crore Company has reported net profit after tax of Rs -11.84 Crore in latest quarter. The company’s top management includes Mr.Akshay Chudasama, Mr.Boman Irani, Mr.Dinesh Kumar Lal, Mr.Gautam Hari Singhania, Mr.I D Agarwal, Mr.Pradeep Guha, Mr.Shiv Surinder Kumar, Mr.Surya Kant Gupta, Mrs.Mukeeta Jhaveri, Mrs.Nawaz Gautam Singhania. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2019, the company has a total of 61,380,854 shares outstanding.
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