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Synopsis : Raymond Ltd's stock experienced a notable surge of nearly 19% on March 18, 2025, reaching an intraday high of Rs1,459. Despite this rise, the stock has faced a year-to-date decline of approximately 16%. Analysts observe bullish trends, with potential targets ranging from Rs1,500 to Rs1,680, contingent upon the stock maintaining support levels between Rs1,220 and Rs1,320. Technical indicators present a mixed picture, with the stock trading above short-term SMAs but below longer-term averages. Investors are advised to monitor these support and resistance levels closely to assess the stock's future trajectory.
On March 18, 2025, Raymond Ltd's shares experienced a significant surge, climbing 18.81% to reach an intraday high of Rs1,459. The stock later settled at Rs1,422.90, marking a 15.87% increase for the day. Despite this uptick, the stock has declined by 15.96% year-to-date in 2025.
Trading Volume and Market Capitalization
The trading session saw heightened activity, with approximately 1.34 lakh shares exchanged, surpassing the two-week average volume of 25,000 shares. This surge in trading volume resulted in a turnover of Rs18.44 crore, bringing Raymond's market capitalization to Rs9,472.78 crore.
Analysts' Perspectives
AR Ramachandran, SEBI-registered Research Analyst: Ramachandran observes a bullish trend in Raymond's daily charts. He suggests that a daily close above the Rs1,440 resistance level could propel the stock towards an upside target of Rs1,600 in the near term.
Ameya Ranadive, Senior Technical Analyst at StoxBox: Ranadive notes a volume breakout, indicating renewed buying interest. He believes that if the stock maintains levels above Rs1,320, it could ascend to Rs1,600-1,680 in the medium term. He emphasizes that holding above Rs1,320 is crucial for sustaining the bullish outlook, with strong support identified at Rs1,220.
Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi: Patel identifies support at Rs1,370 and resistance at Rs1,460. He suggests that a decisive move above Rs1,460 could trigger further upside towards Rs1,500, with an expected trading range between Rs1,350 and Rs1,500 in the short term.
Osho Krishan, Senior Research Analyst at Angel One: Krishan highlights a significant rise in both price and volume after a prolonged corrective phase. He points out support levels at Rs1,320-1,300, with crucial support at Rs1,200. On the resistance front, he notes levels to watch in the Rs1,500-1,620 range in the near term.
Technical Indicators
Technically, Raymond's stock is trading above its 5-day, 10-day, 20-day, and 30-day simple moving averages (SMAs) but remains below the 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 56.75, indicating a neutral position (RSI values below 30 suggest oversold conditions, while values above 70 indicate overbought conditions).
Financial Metrics
The company's stock exhibits a price-to-earnings (P/E) ratio of 1.04 and a price-to-book (P/B) value of 2.96. Earnings per share (EPS) are reported at 1,368.94, with a return on equity (RoE) of 283.97%. Trendlyne data indicates a one-year beta of 1.3 for Raymond, suggesting higher volatility compared to the broader market.
Shareholding Pattern
As of December 2024, promoters hold a 48.87% stake in Raymond Ltd.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors are encouraged to conduct their own research or consult with a certified financial advisor before making investment decisions.
