Nomura, CLSA, HSBC and Jefferies maintained their ‘buy’ rating on the stock, while JPMorgan, Macquarie and Morgan Stanley retained their outperform outlook on the stock. These brokerages expect the stock to rise between 6% and 17% from their respective price forecasts.
Raymond Q2 Results: Net profit jumps 130% YoY to Rs 32 crore, revenue rises 24%
Raymond reported a 130% year-on-year jump in consolidated net profit to Rs 32 crore in Q2 FY27, while revenue rose 24.1% to Rs 655 crore.