Report
EUR 13.71 For Business Accounts Only

RAYMOND sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of RAYMOND (IN), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 21, 2021, the closing price was INR 413.35 and its target price was estimated at INR 348.14.
Underlying
Raymond Ltd.

Raymond is engaged in the manufacture and sale of textiles, garmenting, apparel, retail, lifestyle brands and engineering (files, tools and auto components). Co. and its subsidiaries operate in five segements: Textiles; Garment; Files; Denim; Auto Components; and Others. Textiles manufacture of fabric, rugs, blankets, shawls and furnishing fabric; Denim includes fabric and cotton yarn; Garments encompass readymade garments and designerwear; Files and Tools consist of engineers' files and rasps, H.S.S. twist drills and bars and rods; Auto Components manufactures starter gear, shaft bearings and sheet metal components; the Others segment consists of aviation, home living, etc.

Provider
TheScreener
TheScreener

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