{"id":76053,"date":"2022-12-02T14:15:00","date_gmt":"2022-12-02T08:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=76053"},"modified":"2022-12-02T14:13:18","modified_gmt":"2022-12-02T08:43:18","slug":"multibagger-textile-stock-jumps-15-to-reach-its-52-week-high-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-jumps-15-to-reach-its-52-week-high-do-you-own-it\/","title":{"rendered":"Multibagger textile stock jumps 15% to reach its 52-week high; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4125148466\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Raymond Limited opened at Rs 1,372 on Friday and gained as much as 15 per cent in the early hours to reach a new 52-week high of Rs 1,578.10. In the span of a month, the stock has gained approximately 32 per cent.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2799313580\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares of the textile company were trading at Rs 615 a piece on NSE at the beginning of the year. Since then it has rallied up to the current levels logging a multi-bagger return of 152 per cent on a Year to Date (YTD) basis.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAYMOND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Raymond Limited<\/a><\/strong>, incorporated in 1925, is a diversified group with interests in the Textile &amp; Apparel sectors as well as a presence across diverse segments such as Real Estate, FMCG, and Engineering in national and international markets. The company is known for its brands which include Colour Plus, Parx, and Park Avenue.\u00a0<\/p><p>The stock is often referred to as a \u2018Festive season\u2019 stock as the company has recorded higher sales during these times. With the ongoing wedding season in India, the company is likely to see a further improvement in its revenue and profitability, and thus its share price.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3828307448\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In Q2FY23, the company reported a total revenue of Rs 2,168 crore which was a 40 per cent increase from Rs 1,551 crore in the same period the previous year. In the previous quarter, the company reported a revenue of Rs 1,728 crore.\u00a0<\/p><p>In the period, their net profit stood at Rs 156 crore which was an increase of 174 per cent from Rs 57 crore in Q2FY22. On a sequential basis, their profits increased by 95 per cent from Rs 80 crore.\u00a0<\/p><p>The mid-cap textile company has a market capitalization of Rs 10,723 crore and a dividend yield of 0.19%. The promoters of the company hold a 49.15 per cent stake and have pledged a 25.78 per cent stake.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3438315409\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Raymond Limited opened at Rs 1,372 on Friday and gained as much as 15 per cent in the early hours to reach a new 52-week high of Rs 1,578.10. In the span of a month, the stock has gained approximately 32 per cent.\u00a0 The shares of the textile company were trading at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[3418,3464,2660,3913,3912,2838,3771,2843,2659,2053,5247,3153,4178,3157,3158,2103,2104],"class_list":["post-76053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-multibagger-companies","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-raymond","tag-raymond-share-price","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-textile","tag-textile-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger textile stock jumps 15% to reach its 52-week high; Do you own it? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-jumps-15-to-reach-its-52-week-high-do-you-own-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger textile stock jumps 15% to reach its 52-week high; Do you own it?\" \/>\n<meta property=\"og:description\" content=\"The shares of Raymond Limited opened at Rs 1,372 on Friday and gained as much as 15 per cent in the early hours to reach a new 52-week high of Rs 1,578.10. 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