“This stock had a strong rally from the levels of Rs 63.50 to the levels of Rs 536 post Covid, corrected back to the levels of Rs 366 where it found support. It can be observed that the stock has been consolidating for the past three quarters & is likely to resume its next leg of up move,” Sujit Deodhar, Head – Technical Analyst, Wellworth Share & Stock Broking.
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.