Raymond rallies on apparels, real-estate segments. Can it keep building investors’ wealth?

Raymond rallies on apparels, real-estate segments. Can it keep building investors’ wealth?


Gautam Hari Singhania, chairman, Raymond Group, hands over the keys to the first few buyers of their prime flats in Thane, India.

Synopsis

Raymond’s stock has surged 125% in the last one year on the back of robust branded textile as well as realty businesses. While textiles and apparels are Raymond’s mainstay, can real estate become a steady contributor going ahead for the company or is the venture existing just for diversification?

At a time when the fear of Covid-19 third wave was looming large, housing sales for CY2022 surpassed a multi-year high. According to real-estate consultant Anarock, housing sales rose to over 3.6 lakh units across top 7 cities. But while the third wave didn’t hit, the Russia-Ukraine war, which started in February 2022, created a global energy security crisis, thereby draining markets of abundant liquidity prevalent since 2020. The Nifty 50 is

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Author: Shirley