If you compare FY24, Raymond, the lifestyle piece was about 3450 crore top line, whereas Vedant was about 1368 crore top line. And of course, the EBITDA margins were about 20.9% for Raymond’s branded lifestyle piece and do not forget that Vedant, you get, say, about 37-time EBITDA multiple as far as valuation is concerned and it is kind of expanding further. Under the circumstances, I think Raymond Lifestyle will be a stock to really-really watch out for.
JSW Cement shares fall over 5% post market debut. What should investors do?
JSW Cement debuted on the bourses at a 4% premium but quickly slid over 5% from its opening price, despite strong IPO demand and higher-than-expected
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