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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