Shares in Raymond Ltd are trading up more than 7% on Tuesday, just days before its lifestyle business goes public. Brokerage Motilal Oswal expects the stock to launch on Thursday, September 5. The brokerage participated in an investor conference hosted by Raymond Lifestyle, the post in which it wrote in a note that the company … Read more
Shares of Raymond rose 9 percent to 2,182 rupees on the NSE on Tuesday ahead of the listing of its lifestyle business, which is expected this week. Brokerages see this as a transformative move for the company, which is synonymous with legacy brands like Park Avenue, Raymond, Parx and ColorPlus. Brokerages like Motilal Oswal and … Read more
Raymond Lifestyle is targeting a CAGR of 15% to capture about 7% market share in the growing men’s wedding wear market by 2027. The company is positioned as the largest brand in the Indian men’s wedding wear market. 75,000 crore, the company said on Tuesday. Raymond Lifestyle, which is set to emerge among the top … Read more