Raymond Ltd.

NSE: RAYMOND | BSE: 500330 | ISIN: INE301A01014 | Industry: Realty
| Value Stock, Under Radar

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Raymond Ltd.
30 Apr 2015
712.90
-1.59%
Karvy
Raymond reported a steady growth of 13% YoY of Rs.14, 116mn and flattish 2% QoQ on the back of 12% growth in the Apparel segment and decline of 13% & 7.3% on QoQ in the garmenting and auto components segment respectively. Lower revenues were also due to subdued domestic and export markets.
Raymond Ltd. is trading below its 50 day SMA of 846.6
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