Sunday, September 20
Antique Stock Broking has initiated coverage on Raymond Ltd with a "buy" rating and a target price of Rs 903, implying a potential upside of 30% from the last closing price. The brokerage said Raymond’s transformation into a precision manufacturing-focused company, especially its aerospace and auto components verticals—positions it for “a multi-year period of strong growth.”“We expect Raymond to report a consolidated revenue/ EBITDA/ PAT CAGR of 16%/38%/55% with OPM of 12.2%/14.9%/15.3% in FY26E/27E/28E, respectively,” analysts Sanjeev Zarbade and Amit Shah said. The stock was trading at Rs 700.60 on Friday morning, up 0.6% on the BSE.Raymond, once best known for its textiles business, has shed its legacy structure through a string of demergers and realignments. Following the l
Savy Infra and Logistics is set to open its initial public offering (IPO) on Monday, July 21, aiming to raise up to Rs 69.98 crore at the upper end of the price band. The shares will be listed on the NSE Emerge platform.The IPO comprises 58,32,000 equity shares with a face value of Rs 10 each, priced in the range of Rs 114 to Rs 120 per share.Also Read | NFO Insight: Capitalmind Mutual Fund’s flexi cap fund opens for subscription. Will it help to manage current market volatility?Savy Infra and Logistics has proposed to open its Initial Public Offering (IPO) on Monday, July 21, aiming to raise Rs 69.98 crore (at the upper price band), with shares to be listed on the NSE Emerge platform.The issue size is 58,32,000 equity shares at a face value of Rs 10 each, with a price band of Rs 114 - R
Indian Apple reseller Ample is banking on store expansion and adding more brands and clients to achieve 35% revenue growth in fiscal year 2026, its chief executive said. The Bengaluru-based firm, which supplies tech products such as Apple computers to over 1,500 clients including SAP, Broadcom, Infosys, and Wipro, operates more than 120 stores across India. Nearly 50 of these sell Apple products, while others showcase brands like Under Armour and ASICS. The firm plans to expand its footprint to approximately 175 stores across brands within three years, Ample founder and CEO Rajesh Narang said on Monday, though he declined to specify a target for Apple-only stores. Ample's revenue stood at 17 billion rupees ($197.33 million) for the fiscal year ended March 31. The company is focusing on p
