Raymond shares: The brokerage stated that Raymond’s shift toward becoming a precision manufacturing-centric firm, particularly through its aerospace and auto components divisions, sets the stage for “strong multi-year growth.”
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.
The strategy has, however, lagged higher-returning asset classes such as gold and global equities, with 14.7% and 18.6% annualised returns, respectively, over the same period.
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