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
MUMBAI: Raymond chairman and managing director Gautam Singhania has sought to allay concerns over the impact of his personal life on the company’s businesses.Two weeks after parting ways with his wife of 24 years, the textile tycoon has told Raymond’s board and employees that he is “fully committed towards the smooth functioning of the company … Read more
With the earnings season nearing the end, more than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday. The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The … Read more
Mumbai: The stock of apparel company Raymond soared 9.4% to record highs on Tuesday after broking firms Jefferies and Motilal Oswal Financial Services initiated coverage with ‘buy’ ratings. Both firms have set a price target of ₹2,600, implying an upside of nearly 20% from Tuesday’s closing price of ₹2,169.90. Earlier in the day, the stock … Read more
Brokerage firm Jefferies remains positive on NTPC, Power Grid and JSW Energy in the power sector. Morgan Stanley maintained an overweight rating on Maruti Suzuki while Jefferies retained a hold rating on M&M Finance and a buy rating on Raymond. We have collated a list of recommendations from top brokerage firms from ETNow and other … Read more