By Debdeep Gupta | 05 Nov, 2024
Raymond stock jumps 2% on stellar Q2 earnings driven by real estate, engineering gains
Shares of Raymond edged higher amid a weak market after the company reported a substantial rise in consolidated Q2 net profit, doubling year-on-year (YoY) to Rs 59 crore, driven by robust growth in its real estate and engineering businesses.The company's revenue from operations also more than doubled YoY to Rs 1,044.7 crore in Q4FY25, while EBITDA climbed 100 percent YoY to Rs 116 crore. The EBITD...
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parvin 2022-08-15 18:12:16
buy, at good valuation, taget 475 to 500
Login & Reply Like(0) Dislike(0) Repost SpamDEBT_FREE 2022-08-15 17:57:11
buy, at good valuation, taget 475 to 500
Login & Reply Like(0) Dislike(0) Repost SpamRaj Misrhra89 2022-06-20 09:14:45
ENIL LTD, A Times Group company, with 71 percent promoter holding & almost 13 percent with FII, DII and private equity players. Stock is at attractive valuation with Book Value of 160 and CMP of 170. Company is debt free with 230 crore of cash with market cap of 800 crore. As one can see India consumption story is on high growth with advertising revenue on top with tourism fully booked and festive season coming up. Company has also transformed itself into digital company with high growth expectation and media right of IPL sold at such a high valuation. Company is about to launch app where one can listen to radio and its contents anywhere around the world. Enil can be a turnaround story with next 6-8 quarters with high revenue growth and pe expansion. At CMP stock has very limited downside with a target of 350-475-700. Buy with 2 years perspective for good returns.
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